Yahoo! Finance "How to Be Your Own Financial Regulator"

In this article by Laura Rowley she discussed the recent proposals for financial reform.  It is 1,300 pages long!  I know there are debates back and forth "For" or "Against" reform.

She makes the following points where if you adhere to them, the chance that you making a bad decision is low:

• Thou shalt not live beyond thy means.
• Thou shalt set aside cash for emergencies.
• Thou shalt not carry a revolving balance on they credit card.
• Thou shalt not use a financial product without searching for the best deal.
• Thou shalt save early and often for expensive goals.
• Thou shalt not be overconfident whilst demonstrating financial ineptitude.

Click here to view the article and more details about the above recommendations.