Sometimes, I wish my
mom taught me more about APR.
I didn't know what APR
meant when I was 16. They gave me a credit card to use. I never knew it had an
APR.
This APR had led to
the loss of my car once. After my mother died and my father went sick, I
struggled to understand what APR was. In fact, APRs became something I was
traumatised with early on.
Annual percentage
rates. I spent enormously on standard learning that I never really realised my
parents can't repay this amount to their creditors.
So I was stuck with
dropping out and paying out these APRs. I'm currently running this blog to pay
for my expenses. At least the advertisements and sponsors pay me enough.
I familiarised myself
with finance and other terms that I couldn't understand. Or at least life
taught me about them.
Encumbrance meant our
house would be taken. Foreclosed by the bank, meant taken by the bank.
These words shocked me
as I read them on paper. Being my father was mentally unfit, I had to take care
of the estate since I was already of the legal age when this happened.
But I wish someone
taught me finance early on. Personal finance.
But then again, I
wouldn't be the same person I was if they did. Or maybe I would be better.
Regardless, nobody
deserves to not know about finance at an early age. They should teach it in
schools other than stuffy things we can't use when we're older.
