While I admire my matriarchs' simplistic approach to finances, it does not address the inevitable problems I would eventually face in the world of credit and taxes.
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Fact: On a test of personal finance skills administered to high school seniors, the average student scored 57%, an F in any school system.
The Fair and Accurate Credit Transactions Act of 2003 (FACT Act) defines "identity theft" broadly as“a fraud committed or attempted using the identifying information of another person without authority.”1 Home Sitemap Brand
What My Mother Taught Me About Credit Cards and Family Finances
While I admire my matriarchs' simplistic approach to finances, it does not address the inevitable problems of credit and taxes. My education in money matters was limited to just mom's basic philosophy of life. The world outside of my parent's traditional home was not quite what I was expecting, or what I had been prepared to handle. Despite the best intentions of my foremothers, there are still a few things that I wish my mother had taught me...
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