So It Begins

Do you know where interest on your debit card comes from? What's APR? Do you know how mortgages work? Do you know what your credit score is? Millions of people in the world have no idea how to manage their own finances, and who knows, maybe you’re one of them. But clearly we need to stop letting kids out of school without such important knowledge.

The economy itself is completely relying on consumers like us. Every jump up, every drop down, almost all of it is caused by us. But millions, maybe billions of people don’t know how the economy works, or what a good decision would be with regards to even the most trivial-seeming of tasks, taking out a loan from the bank. We need to stop this.

Its not that people are not intelligent enough to manage their own money, far from it. You only need a grade 5 math education to learn most of it. Its the fact that schools are not teaching us what we need to know TO SURVIVE. Financial illiteracy is as bad as regular illiteracy, maybe worse! Imagine if you couldn’t read this description in the first place? A hard time you’d have in the world, that’s for sure.

So this is what we’m going to write about here (financial illiteracy, and how to stop it). Please subscribe (or whatever it is that people do on these so-called ‘blogs’), and help stop the surge of financial confusion in the world.

So let's end this post with a statistic, and hopefully you'll become interested enough to continue viewing these topics.

" * Only three states mandate a full semester of personal finance education in high school;

* 17 states cram personal finance lessons into other other subjects (math, social studies, etc.);

* And a whopping 30 states teach students nothing -- nada, zip -- about finances in school."

-The Motley Fool, Inc.

So please read on, and spread the word!