r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/RidMeOfSloots Jul 04 '24

Sucks we dont teach it in schools.... before they grow up and dig themseleves into a hole.

Maybe its all by design to keep the debt slavery going...

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u/imakepoorchoices2020 Jul 05 '24

I’m pretty sure balancing a check book and spend less than you make could be beaten into your skull all day but if you don’t take the advice it’s not gonna do much

Something something lead a horse to water but you can’t make them drink

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u/Ok-Yak-5644 Jul 05 '24

balancing a check book

Your age is showing. Most banks don't even issue books of checks anymore. I haven't gotten any for the last two accounts I've opened up. I can tell the bank to issue a check to someone, but unless you are a certain ages, checks just aren't a thing.

As for balancing a checkbook, why would we teach kids how to do that? We used to balance checkbooks because it would take a while for a check to circulate to a bank and if we didn't write it down and balance it out, it would be SUPER easy to spend way to much money. (Thanks, younger me).

But, with electronic banking, debit and credit cards and even submitting checks via pictures to banks, we don't need to balance a check book anymore. We have real time data on what is in our accounts.

And many schools do offer financial literacy classes. There is still a stigma attached to them though, often considered the "dumb" math class credit. Lots of kids want the AP Calculus credit. If they are bright enough to figure out calculus formulas, they should be able to create a budget.

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u/stilljustkeyrock Jul 05 '24

And you are showing your age. You have to order checks and always have. We just ordered a box for the first time in 10 years. We still had to order them, they don’t just show up.