How do I know this? I did not do a survey to come to this conclusion. It’s just common sense. Strong math skills make everyone better money managers.
Take credit cards. If we do not pay the balance off in the time allowed – the “grace” period – we pay interest. That means every purchase on that card costs us more than the original purchase price. Basic math. Imagine if our brains “did the math” every time we thought about making a purchase. What if we calculated the cost if we cannot pay back the purchase price within the grace period revealing the true impact of interest charges. That’s what could happen if math was more of an instinct rather than something we felt is a burden – or something we just are not good at.