by Pete Wayner July 3rd, 2013, 06:23 EDT
Is a lot of Moolah rest your math skills.Not your behagte do you pay? Warning: Poor math skills difficulties can cause mortgage, finds a new study at the Columbia Business School.
Return to credit losses led to a global financial crisis in 2008, researchers asked borrowers basic mathematical questions - as easy as 300 divided by 2 - and attempt to pay a pattern between lack of arithmetic smarts and not. And behold, "The correlation has been amazing," says study author Stephen Meier, Ph.d.. The researchers party education situation, General smarts and mortgage excluded types of finding that failure of simple calculations of the greatest link to payments had fallen back.
"It is the complexity of the financial decisions in General," says Meier. "If you are not too good with numbers, which is a big problem", he says.
Even if your mortgage is fuzzy math skills can affect even your finances. What can you do? "Often people think they have to do everything by yourself," says Meier, but this is not the case. There are many online tools to make a budget for you – you have to stick out. Try Mint.com, a free service that you input info such as your income, phone bills and other payments can then establishes its spending plans with simple, color-coded charts.
In the meantime, you will improve your skills with these 6 simple math tricks for everyday life.
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