Why is Financial Literacy Important?
Being financially literate means managing your money more confidently and having a better chance of handling life’s inevitable ups and downs. This starts by understanding how to prevent and manage money issues as they arise.
Become a…
Budget Boss: What do you earn vs how you spend. When building financial literacy, making a budget is one important way to establish a true understanding of your income and expenses. Once you have a budget, you can continue to track spending and revisit your spending plan regularly.
Repayment Captain: Seeking out the lowest interest rates when comparing loan terms can save substantially over time. So, pay off your credit card balance each month, to help avoid accruing interest. If you already have debt, identifying the best methods to get out of debt is an important part of financial literacy.
Future Adulting Master: Avoid future debt or bankruptcy by building an emergency savings account. Eventually, you may want to start saving for a car or a house and it’s never too early to begin.
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