If you’ve spent time reading up on education or financial news lately, you’ve probably come across the term financial literacy. The goal behind teaching financial literacy is to help people develop a stronger understanding of basic financial concepts—that way, they can handle their money better.

As more people become aware of the importance of financial literacy, we should be asking: What skills, traits, and best practices do people show who are “financially literate”? And, How does this skill set really affect personal finance?


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Being financially literate or “having financial literacy” is not difficult to define. These terms mean you have a basic understanding of finances and a grasp on the value of money.
Understanding financial basics thus allow you and others to make smarter money choices and be self-sufficient in financial decisions.

The best way yet to define financial literacy is possessing skills that allow people to make smart decisions with their money. And don’t be misled by the word literacy. Although understanding stats and facts about money are great, no one has truly grasped financial literacy until they can regularly do the right things with money that lead to the right financial outcomes.
When you have this skill set, you’re able to understand the major financial issues most people face: emergencies, debts, investments, and beyond.

To be financially literate is to know how to manage your money. This means learning how to pay your bills, how to borrow and save money responsibly, and how and why to invest and plan for retirement.



Take the initiative to self-educate and grow your financial knowledge, by beginning with the basics of money management and maturing into a smart spender. Putting time into your financial development improves saving and investing decisions. By leveraging resources—like age, talent, money and the ability to establish good habits—you can build a long-lasting nest egg.

Financial literacy is an in-depth coaching that takes dedication, resilience and hardwork. You can't just get a few tips and that's it. You need someone to hold your hand and take the high road with you. Allow me hold your hand and hit this milestone together. 

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