Yes that can happen but when my students don't understand that they can get cheaper car loans from credit unions than large banks, or don't realize what their mortgage is going to cost them over time then clearly there is a gap in their education. And forget about using credit cards to pay off last month's luxuries with next month's sala…
Yes that can happen but when my students don't understand that they can get cheaper car loans from credit unions than large banks, or don't realize what their mortgage is going to cost them over time then clearly there is a gap in their education. And forget about using credit cards to pay off last month's luxuries with next month's salary! Compound interest and how to make it work for you (like an IRA) rather than against you (bad debt) should be studied in high school. It rarely is.
Yes that can happen but when my students don't understand that they can get cheaper car loans from credit unions than large banks, or don't realize what their mortgage is going to cost them over time then clearly there is a gap in their education. And forget about using credit cards to pay off last month's luxuries with next month's salary! Compound interest and how to make it work for you (like an IRA) rather than against you (bad debt) should be studied in high school. It rarely is.