A penny saved is a penny earned. Money can't buy you happiness. There's no such thing as a free lunch.
We've all heard these cliches from well-meaning friends and family. It's easy to dismiss this advice -- after all, we have all these financial "gurus" who tell us what to do with our money. However, it's often the simplest advice that turns out to be the best.
We asked women like you to share the best money advice they've received over the years. There's no gimmicks, no get-rich-quick schemes: just hard-earned advice from those who've learned a thing or two about money throughout the years.
Wants and needs are two different things
"My grandma sat me down and explained the difference between 'want' and 'need' and the benefit of being financially secure vs. having lots of stuff. Sure, shopping is fun and it's nice to have all the latest fashions, but a cute outfit won't put a roof over your head and a collection of CDs won't allow you to travel the world and experience life." - Karen Hoxmeier, Los Angeles, Calif.
Forget the numbers
"A year and a half ago, I was drowning in debt and didn't see any way out. I was so stressed out that I was on the verge of tears most of the time. One day my mother said to me, 'Stop torturing yourself about money. It's just numbers on a sheet of paper. Do what you can do each day and stop thinking about it so much!' Once I stopped stressing out so much, I had more room to think about how to bring in more money!" -- Leah Carey, Littleton, N.H.
Make your own opportunities
"I am a female entrepreneur and the the best money advice anyone ever gave me was this quote: 'You don't get rich by having a job.' I understood it to mean that I needed to go out and secure my own destiny without having to rely on getting jobs that fatten someone else's wallets." - Chrystie Corns, Portland, Maine
Work to make the life you want
"Don't limit yourself to what you need. Make your earning goals what you want. Know the kind of life you want to live and figure out how to earn the amount of money required to live that life." - Tara Gentile, Astoria, Ore.
Always save half
"As a full-time single parent raising two young children all on my own in a foreign country I've learned a few ways to save money. The wisest quote I've been given and still using to this day is this: For every 100 that you earn, spend half and save the other. Really. It's really, really hard to do but it works." - Sheridan Becker, Europe/Jacksonville, Fla.
Think like a man
"The best advice I ever received was actually from a man. He said, 'No matter what you do in life never be reliant on a man for money.' He continued to say even if it is just something you do on the side, being a contributor (even if it is a small amount) is crucial, not only in the woman feeling like she has ownership in something, but also allowing her freedom to not make decisions solely based on her financial dependence." - Anna Keeve, San Diego, Calif.
Evaluate your priorities
"Take a look at your credit card statement to see your real priorities ... it will quickly become apparent. If you are spending all your extra cash on clothes, entertainment and facials but your desire is to invest in your business, buy a bigger house or give to others, you are losing credibility if only to yourself." - Shelley GoodStein, Tucson, Ariz.
Learn to love the 'b' word
"Don't be afraid of the "B" word -- BUDGET! Make one that reflects your true circumstances and then stick to it! Make room for today, for fun, for emergencies and for your future." - Lynn Ballou, Lafayette, Calif.
Don't bet it all away
"The best money advice I ever received came from my grandmother, who told me, 'Never bet more than you can afford to lose.'" - Janice M. Sellers, Oakland, Calif.
Be prepared for rain
"Always have your own checking and investment account in your name. You will always be prepared for a rainy day and there will be no surprises. I learned this at a young age when my dad died in his 40's with a very small life insurance policy for 3 children and my mother never worked. We always struggled. I promised this will never be me." - Gail Miller, Livingston, N.J.
What is the best money advice you've received?
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