Not sure if this is the right section for this. A post on another thread reminded of a discussion I had with my now 18 year old son - about a year ago. He has a decent level of financial intelligence due to my wife and I trying to educate him over the years. Has decent savings, understands delayed gratification (still ffinds it hard to do) etc. We were discussing his first future property purchase, loan types, depost, interest and so on. We were showing him a basic Mortgage Calculator on one of tbe websites, and when we pointed out what happens to the Loan when you switch from monthly repayments to weekly, and add a little bit more over and above the minimum repayment as well - it blew his mind. Now; given he has a little bit more awareness already than the average self-absorbed "I want it now" teenager; imagine how many kids have very little knowledge of basic stuff like this? It is sad that these sorts of things are not being taught in school.