Despite ample opportunities for a lesson in basic life skills in school, it’s evident many components of money management were not part of the curriculum plans. As a result, many Americans are forced to wing it throughout their adult life, hoping to learn valuable money lessons as the situations warrant.

It’s clear financial literacy could use some work. In fact, 80% of adults agree they could benefit from advice and answers to everyday financial questions from a professional, according to the Consumer Financial Literacy Survey conducted by the National Foundation for Credit Counseling. Forget parallelograms and math proofs. They don’t exactly come in handy during tax season.

Years of learning on the fly have produced countless examples of valuable money lessons we wish we learned in school. But we’ll start by discussing the 15 most common. Read on. It’s never too late to learn something new.

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