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And is that little has changed since, a few decades ago, the economist and writer Jose Luis Sampedro wonder why high school students and high school graduates who finish school without knowing the copywriter have no fucking idea about what a bank, where the vast majority will never stumble across this mineral but all open a checking account.

We have a hell of ESO full of absurd subjects that teachers explained through documentaries and internet cuts, such as Education for citizenship or Integrated Project, but there is no place to fight against economic ignorance. We ask teachers to teach values and do not realize that this work is of the family. For me my parents taught me to take off my hat when entering class and not burp in public, while going to school to learn math and languages.

Yet I wonder if the problem is not speaking, not economics. We need to explain the true meaning of the phrase “Nobody gives four pesetas hard.” Or who knows, maybe it’s history.

How clever we have become over the years. What is a subprime? Have you heard this word years ago, when still no one was aware of the financial tsunami sweeping the world end? Which is used to refer to a loan, mortgage or investment of shit (high risk), do not sound like Chinese, because in recent years has filled pages and pages of financial information and has even been cast as in discussions of lay citizens in economics. Until such a degree has become popular that it was chosen as the Word of 2007 by the American Society of dialects.

There is no doubt that the crisis is enriching the financial vocabulary of citizens, mainly from mortgage pepitos with forty years. But experts expect popularize beyond words that had been used exclusively for specialists in economics, the crisis will also serve for citizens to expand their knowledge on basic concepts (what is the interest rate, how the stock market, which is the VAT or GDP) that affect them as consumers, employees or employers, as taxpayers or as users of financial services. Because the Spanish financial and suspend in culture is to blame the absence of such training in schools.

Due to the high economic crisis have people today because of mismanagement of personal finances, has been the need to seek the reunification of these loans, to make all in one single debt. The reunification of debts in most cases is the best option there (See also the envelope system, a simpler way to manage our budget staff).

For a loan reunification recommended monitor all expenses in detail, in order to negotiate with the bank. They are always willing to reunification of loans as long as customers are responsible and can retain them.

When you go to a loan it is always advisable to do so under a necessity. Not recommended in low amounts of money because the interest for these are extremely high. So before making the claim must look for is what you do and if it is really worth purchasing.

A very good choice for the reunification of loans so you can achieve better savings and thus our personal finances, is not to accumulate savings accounts, also must find a way to diversify investments, to avoid running a high degree of loss . Read the rest of this entry »