What is Financial Literacy?

I N T R O TO F I N A N C I A L L I T E R A C Y

QUOTES: Your speed doesn't matter. Forward is forward. Keep taking those small steps. & you'll surprise even yourself with your amazing progress.

2nd: Some people want it to happen, some wish it would happen, others make it happen

What Is Financial Literacy?

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. Financial literacy is the foundation of your relationship with money, and it is a lifelong journey of learning. The earlier you start, the better off you will be because education is the key to success when it comes to money when you have educated yourself, Many people find money matters intimidating but they don’t have to be.

Understanding Financial Literacy

In recent decades financial products and services have become increasingly widespread throughout society. Whereas earlier generations of Americans may have purchased goods primarily in cash, various credit products are popular today, such as credit and debit cards and electronic transfers. Indeed, a 2019 survey from the Federal Reserve Bank of San Francisco showed that consumers preferred cash payments in only 22% of transactions, favoring debit cards for 42% and credit cards for 29%.

and our 2nd segment We discuss 7 Skills to Improve Your Financial Literacy

H o u s e k e e p i n g

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