The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/the-average-person-cant-balance-a-checkbook-and-30667011.aspx

Subject:  Re: The 401(k) World Date:  5/3/2013  11:29 PM
Author:  katiewa Number:  72172 of 76237

The average person can't balance a checkbook and has no idea of what compound interest is.

But we aren't talking about people who are mentally disabled--they are capable of learning. So they didn't think math was important when they were in high school--doesn't mean they can't learn it now. I had never balanced a checkbook until I got out of college--no money, no checking account. I followed the directions that came with each statement.

Maybe I'll offer a Basic Concepts of Personal Money Management for community ed next fall. And incorporate more of that topic into my Beginning Excel class.

Kathleen
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us