Why Are We So Vague About Personal Finance?

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Why Are We So Vague About Personal Finance?

Wednesday, July 18th, 2007 Subscribe To Our Feed

Most educational systems do an abysmal job, if any job at all, in teaching young people about personal finance. Beyond that, many people growing up are not afforded good examples of sound money management at home, given the fact that many parents are dysfunctional around money.

One thing is certain. Banks and other financial institutions in the business of granting credit know that the majority of people do not have a clear grasp of their personal finances. They implement ways to prey upon this societal vagueness with hidden charges and fees that rarely are questioned.

If the questions posed earlier make you feel uneasy, you might be well advised to come to grips with whatever vagueness and lack of clarity you have around your own finances. One thing is certain. Getting a grip on this part of your life will yield many long term dividends.

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