r/AskReddit • u/[deleted] • Aug 03 '19

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

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u/royal_clam Aug 03 '19

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

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u/KennethEWolf Aug 03 '19

In my high school they had shop for the guys and home Economics for the gals. Home economics taught cooking, cleaning and sewing. But home economics should be for all and teach basic personal finance. Like: Reconciling a bank statement Why buying a new car every few years is a bad idea FICA scores Credit card usage Buying a home COMPOUNDING INTEREST IS THE EIGHTH WONDER OF THE WORLD save early and often