That's exactly my point. It's assumed you must live a "backward life" if you don't have one which means you are forced into having one and then expected to manage it effectively without any training. Perhaps schools should teach this in General Studies.
Banks win Supreme Court case on overdraft charges
- Thread starter Neverwhere
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That's exactly my point. It's assumed you must live a "backward life" if you don't have one which means you are forced into having one and then expected to manage it effectively without any training. Perhaps schools should teach this in General Studies.
Soldato
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no wonder were still in recession when we get court cases like this
Alternatively you could expect some life skills to perhaps come from your parents? Why is it that schools are suddenly responsible for teaching everything someone needs to know to get on in life?
When said parents are borrowing to the hilt to "support the economy", or alternatively just throw money at the kids without teaching him how to earn it...
I don't think you can really have a true appreciation of personal financial matters without having to survive on your own.
Go beat someone round the face with a big stick and let me know how you get on with the 'theoretical' law.
Sex education and the consequences of sexual intercourse are taught in schools. The consequences of drug and alcohol abuse are taught in schools. If you want to learn to drive you take lessons from a qualified instructor.
But you're right. Basic financial training should be simply a case of telling people "just grow up and take responsibility for your actions!"
So let's just take that responsibility off parents and get rid of some more of the academic stuff they should be learning in school so we can fit in more basic life skills. Saddens me, it really does.
Soldato
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ah thank goodness, no need to pay for my banking because someone else can't keep a hold of the purse strings.
Soldato
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there something in school called maths ,
some people now days will go overdrawn just to get the biggest plasma tv
some people now days will go overdrawn just to get the biggest plasma tv
I may be opening a can of worms but isn't it entirely the user of that accounts fault?
I mean don't have the money, don't spend it? I know it's purely circumstantial but not on a chocolate bar or something or something totally frivelous that they could live without.
I mean don't have the money, don't spend it? I know it's purely circumstantial but not on a chocolate bar or something or something totally frivelous that they could live without.
Associate
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One good thing now is the spineless FSA can let those of us with refund requests where we can prove it is the fault of the bank, get our money back from banks who have been illegally refusing to answer our correspondence under the waiver.
It isn't that many years since the name of the charges changed from things like 'penalty fee'. This changed around the time mortgage regulation came in and became banned terminology for mortgages. Still in many cases there is no actual service other than a sub £2 cost to send a letter and to reach this cost banks would have to be exceptionally inefficient, so that's dubious terminology.
If the law and the setting out of charges were crystal in the first place, it would never have gotten so much as one customer a refund and there would have been no need for a test case. It needed clarifying and it got it, but gloating from ivory towers....
Let's face it, the banks run in far far more from charges than the cost of providing an ever decreasing banking service. Scare stories and all that.
I have an electron card and this doesn't happen either.
It isn't that many years since the name of the charges changed from things like 'penalty fee'. This changed around the time mortgage regulation came in and became banned terminology for mortgages. Still in many cases there is no actual service other than a sub £2 cost to send a letter and to reach this cost banks would have to be exceptionally inefficient, so that's dubious terminology.
If the law and the setting out of charges were crystal in the first place, it would never have gotten so much as one customer a refund and there would have been no need for a test case. It needed clarifying and it got it, but gloating from ivory towers....
Let's face it, the banks run in far far more from charges than the cost of providing an ever decreasing banking service. Scare stories and all that.
I have an electron card and this doesn't happen either.
Maths isn't it? I was taught from an early age if I have X amount of something and I use it all i'll have nothing left. I can see what you mean though it's up there with string theory in regards of how hard it is to understand and we don't need to learn history really do we so lets squeeze that out and make way for lessons in how not to fail at life and then blame it on others.
When did I say that? Just that it is unlikely the parents' attitudes will change when our entire business\economy model seems to be a credit one. Borrow to do this, borrow to do that, worry about the consequences later. The banks have a great deal of leverage as the recent "recession" has shown.
I'm technically many thousands in debt due to how the student finance system works (soft terms aside). There isn't any other way I can improve my situation without spending money...
Who said anything about taking that responsibility away from parents? It doesn't take long to teach kids about bank accounts. A 1 hour General Studies lesson will cover just about everything they need to know. One whole hour out of their entire education. The horror, think of all the useful artwork they would be missing out on completing.
How lucky for all of you who have intelligent middle class parents who understand effective financial management.
I never realised I had middle class parents...
Soldato
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