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TopicI like going to Reddit's 'personalfinance' to see the basic info nobody knows
deupd_u
05/06/17 12:38:19 PM
#1:


Things I've realized:

-Nobody seems to understand that credit scores fluctuate, and panic when they have a 2% drop

-People spend an exorbitant amount of money on food. I saw a someone say they spend $800/month on 2 people

-People will admit to knowing absolutely nothing about taxes, yet still try to do their own taxes

-People will admit to knowing absolutely nothing about the stock marker, yet still try to invest in the stock market

-There are a lot of college age individuals who think "investing" $500 is worth the effort

-A lot of people think CDs are a good investment (They aren't. Ever.)

-People will google the number from a missed call to find out it's a debt collector, and will freak the hell out, even if they have no debt. The idea of it simply being a wrong number doesn't even cross their minds

-People will ask if they have to pay taxes on unrecorded cash made from doing odd jobs

-College students will pick majors they don't even like because they think a related job will pay well (and then can never find a job and want to go back to school to major in something else they think will pay well)

-Tracking your own spending on a spreadsheet is too complicated for most people, and they need 5 different apps to do it for them

-People actually fall for a LOT of scams. The worst I've seen was someone say that somebody pretending to be the IRS called him and demanded he pay $2,500 in back-taxes using iTunes gift cards or else he would go to jail, and he did it.

-Most people in their mid-20s don't have credit cards, and think choosing one is a huge decision
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