green_sky on 07 November 2011
Some good replies. Respect for elders and others is pretty much missing in the western world. I would also like to say basic finance should be taught. I mean does not have to be deep investment scenarios but information about how credit works, credit cards, interest, mortgage and other loans.
This one person (a friend of a friend) said they buy most of their stuff using a credit card, which is fine. Than they said it is good because they only have to pay like $10 or so dollars a month (the minimum possible payment). I just didn't have any words to explain to them how freaking stupid of a practice that is when one has to pay 18% interest on credit cards.
