Current Events > I like going to Reddit's 'personalfinance' to see the basic info nobody knows

(+) Yeah! (+)

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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i also enjoy looking down on others who don't know the things i know
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like if you can't even define an integral domain, don't even talk to me IS IT RITE LORFMA
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also post #2 was proudclod bringing up liberals, as usual
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organicbamf posted...

i also enjoy looking down on others who don't know the things i know

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organicbamf posted...

also post #2 was proudclod bringing up liberals, as usual

calm down, i was gonna troll about the situation but deleted the post because it's good that people are even learning on r/personalfinance in the first place
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and don't even get me started if someone can't explain a hammett plot LOL
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I applaud those people for going out of their way to learn about finance, personally. It's not a topic that people tend to take seriously enough.
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deupd_u posted...

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

Whenever I tell people that I track every dollar that comes into or out of my account in a spreadsheet, they act like it's some crazy, incomprehensible, major time consuming thing. It literally takes a minute or less to record everything. Once I set the spreadsheet up, it's like clockwork.
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deupd_u posted...

-People actually 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.

LMAO
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This is the type of important shit that needs to be taught in school instead of learning how to pass a stupid test.
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hockeybub89 posted...

This is the type of important shit that needs to be taught in school instead of learning how to pass a stupid test.

The FL legislature just passed a bill that would make that happen.
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whitelytning posted...

hockeybub89 posted...

This is the type of important shit that needs to be taught in school instead of learning how to pass a stupid test.

The FL legislature just passed a bill that would make that happen.

interesting how fiscal conservatives want to teach kids that but the leftists dont.
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