Thursday, 23 May 2013

DAY 23 - May Challenge

 
Todays topic is 'Things you've learned that school didn't teach you'.
 
The first thing that I think of is what I did for my job in the UK and I always wonder why they didn't teach you about it...not that I would have listened though but maybe some of it would have sunk in.

I worked for a credit reference agency which is a company who holds information relating to everyone in the country. Things like whether you are registered to vote, if you pay bills on time, how much you have on your credit card, do you have a CCJ...that kind of thing. When you make an application to a company for finance (loan, credit card, mortgage etc), they check the information a credit reference agency holds when making their decision whether you should be accepted or declined. This can also affect what APR you get.

I've generally always been quite good with finances, my parents taught me how to save money from an early age. I did get into a bit of a mess with an overdraft when I was about 18 years old but my dad helped me out. Since then, I've always been pretty good and just about understand APR's now. All my credit cards are 0%.

Making payments on time might seem quite straightforward but it's surprising how many people don't and this can eventually lead to CCJ's and Bankruptcy, which means you can't get the loan or mortgage you need.

I think if they taught in schools the importance of making payments on time and not overcommitting yourself with too many credit/store cards/loans then there would be less bankruptcies and CCJ's.


My artwork today relates to something I am working on for a fellow blogger! Its work in progress at the moment so I won't mention who it is just yet but I've been asked to design a blog header and the theme is 'Paris'. This is just one of  the ideas I've done so far...


18 comments:

  1. beautiful paris artwork, can't wait to see the finished product!

    yea, I wish school would have thought more about the financial things and bureaucracy matters.

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    1. I just think if they could included it in general studies or something it might help :)

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  2. Love this illustration, you are such a fab artist!
    Ginny

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    1. Thanks ginny! You are fab with fashion :)

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  3. I've ALWAYS said personal finance should be a highschool course.

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    1. Maybe we should start a campaign!

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  4. My husband would not marry me until I paid off my credit cards. He is fiscally responsible. I would not marry him until he went to the doctor and the dentist. He had 10 cavities and a hernia. I am now fiscally responsible and I give hubby ALL the credit.

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    1. Ha ha, Im not sure what is worse...bad teeth or bad with finances?

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  5. Ugh, I seriously think they need to have a class in high school about your credit. I had to learn the hard way...and I"m still working on it. On another note, I absolutely love that artwork. I was just looking at some of your stuff, I love the watercolor look you do!

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    1. Glad you agree, the thing is we only learn about it when we mess up. Thanks for the nice comments about my artwork!

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  6. Nice art work - hmm should have done some sensible financial thingy at some time..

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  7. I love the artwork :D he he !! I MOST DEFINITELY agree with finances being taught to kids. My dad discussed finances with me from the age of 9. I had no idea what he was on about for about 10 years. I get it all now, and Im so glad he did teach me because no one else would have. I think the school system is a bit silly anyway. They need to upgrade/update their teachings.

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    1. Glad you like it...hee hee. I agree parents should teach us some stuff too, it would just be useful if schools covered more useful things :)

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  8. Beautiful artwork! The colours are beautiful, wish I was as talented but unfortunately I need to stay with stick figures.. maybe someday! Completely get what you mean about the finance.. would be nice to learn about all the taxes as well! But I guess it comes with age, since when you're younger these kinds of thing never even occur or matter to you.

    Teffy || Teffys Perks Blog

    Xx

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    1. Hi teffy, it bet you are talented! I can't do stick figures :)

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  9. OMG! I sooo agree! I did 0 subjects in school except math that related to finance and only found out about the whole credit thing after I left.

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    1. And math doesn't really cover much useful, except working out % for tips and discounts!

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