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Home > NEED YOUR HELP - Writing A High School Money Book - Part 5

NEED YOUR HELP - Writing A High School Money Book - Part 5

May 28th, 2009 at 05:30 am

I announced http://iwasbroke.savingadvice.com/2009/05/20/need-your-help-... that I am in the process of writing my next book. It will be a book that is addressed to high school students, and I am sharing 12 Things I Wish I Had Learned About Money Before I Hit The Real World.

That is not necessarily the title, and it might end up being 10 things or 15 things. All I know is that I want (and need) your help in writing this book!

For the next few days, I am going to ask you to take a couple minutes of your time and share some things you wish you would have learned about specific money topics.

Part Four Financial Decision-Making

Here is the question that I want to hear your thoughts on today:

What is the worst financial decision you have ever made? What led to that decision? How would you teach young people to avoid that type of decision?

Share stories!


2 Responses to “NEED YOUR HELP - Writing A High School Money Book - Part 5”

  1. gamecock43 Says:

    lending money to a friend. In high school I lent $350 to my best friend for her speeding ticket. ($200 the first ticket, $150 the next ticket). 5 weeks later she has not paid me back but then she spent $120 on a prom dress. I had lent her my entire savings and lived so frugally while she was always eating fast food, buying this or that. So when I went to my mom complaining about her borrowing my money and not returning it- my mom went to her mom and shortly later I got a check in the mail. Well the check BOUNCED! and we never talked again. I never recovered my money.

  2. wishIknewbetter Says:

    I took a year off college and the grace period for my student loan ran out. The company I had the loan through called and asked if I would like to consilidate the loan, they claimed it would lower the interest rate. I said "Sure! Sounds great!" Two years later, I found out that my original interest rate was 4.25% and after the "consilidation" it's 6.5%.

    I only had one loan. I really had no reason to consolidate. And for some reason it jacked my interest rate up.

    Always get everything in writing before agreeing to anything. And always compare the fine print on the paperwork.

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