Financial Planning – Elsewhere

A bit of a timely post on the Freakonomics Blog. The study looked at American finance but it is probably applicable throughout most of North America and Europe:

The most worrisome finding is that many people do not seem well informed and knowledgeable about their terms of borrowing; a sizable group does not know the terms of their mortgages or the interest rates they pay on their loans. – via Freakonomics

A week ago I wrote about Financial Planning.

About Ron

Homeschooling dad of 4 (ages 27 - 14), grampy to 3, WordPress core contributor, former farmboy & software developer by profession.

Comments

  1. It is hard to believe that many don’t know the terms of their home loan. But given what happened to housing market in the good old USA that may well be true. If more would have read the terms and went…maybe this doesn’t make sense who knows were we would be. Nice post. thanks.