Originally Posted by Boo

I believe that it is our education system. I have yet to see a program in a high school that deals with this aspect of life any more than for "balancing a checkbook".

I have since learned:

How escro works.

What an amoritization schedule is.

The rule of 78.

That those who know money will take it from those who don't.

How to live a better life through planning.

To never buy a car (etc) that you cannot hot sell the next day and at least break even.

Huge payments for a short duration make the cost of ownership much less.

I only wish I would not have had to learn the hard way.