8 people share the best money advice they've ever received

Your relationship with money takes a lifetime of maintenance. Making smart choices throughout your life can lead to financial stability and growth, as well as help you reach your short- and long-term goals.

Just as you may go to friends or family for advice after a fight with your partner, you may also seek out financial advice from those around you.

"Some of the best advice is from people in your social circle who have overcome debt or made major financial improvements," Andrea Woroch, a consumer expert, told Business Insider.

However, always keep your situation in mind, because different money saving and spending practices could work differently with your particular lifestyle. "Compare options and decide what's best for you," Woroch said.

Here, 10 people share the best money advice they've ever received.

Live on less than you make

Track your cash flow

Denise Duffield-Thomas

— , 40

Don't up your spending when you get a raise

— , entrepreneur

If you can't use cash, you can't afford it

pay cash

Know where every cent is going

save more money

— , 38

To reduce your debt, speak to your creditors

Understand 'need' versus 'want'

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Pay off your credit card balance every month

credit card balance

undefined, entrepreneur

Get an accountant

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Buy your car with cash

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undefined, senior manager, ecommerce