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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.