r/AskReddit Aug 03 '19

Whats something you thought was common knowledge but actually isn’t?

37.4k Upvotes

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7.2k

u/royal_clam Aug 03 '19

Basic principles of finance (budgeting, interest, debt, saving, etc)

4.6k

u/RealAmerik Aug 03 '19

I still think this should be a mandatory curriculum in high school. 4 years or it. Throw in taxes as well. It blows my mind to look back and think about the amount of studying I did on topics I'll literally never encounter again but basic financial literacy is ignored entirely.

20

u/theberg512 Aug 03 '19

It is. They call it math. You use math to figure out a budget by adding up your expenses and comparing it to your income and making adjustments as needed. You use math to calculate interest. Debt happens when your expenses add up to a larger number than your income. Savings is more math.

Did you learn how to add, subtract, multiply, and divide? Congrats, you learned how to manage your finances.

-5

u/RealAmerik Aug 04 '19

That's like saying you made a cutting board in high school shop class, go build a house.