Financial Literacy

The benefits of financial literacy - By Akosua Boafo Appiah In honor of National Literacy month, I thought I’d talk about the benefits of financial literacy. The economic crisis affecting our country confirms that financial education is needed now more than ever (Connelly, 2009). Being financially literate will help us in budgeting for the future. In order to promote financial literacy, we need to teach our children and young people how to save money. In my experience, when a child learns the benefits of saving, that child is more likely to apply those benefits in the near future. Overall, studies suggest that financial literacy ... Read Full Story

When it comes to financial skills and knowledge, most people can be considered as functionally illiterate. This is the startling and worrisome discovery of policy makers, educators, and financial experts in several studies conducted to assess the capacity of consumers in managing their personal finances. That is why there is a growing interest among people to improve their financial literacy or the ability to understand financial matters. So if you want to become wealthy and financially secured, you need to grasp the essentials of personal finance management, wealth building, and entrepreneurship. Improving ones financial literacy however can not be attained if you will not ... Read Full Story

Posted on the July 22nd, 2009 under Posters & Stickers by admin Advertisements Get a Free “Pit of Debt” Financial Literacy Poster. Click Here (US only) Related posts No related posts. Read Full Story

The Question: Is the U.S. Government’s teaching financial literacy a good idea, and has it been working? The more you look behind the scenes at what is going in any government program, the more perplexed you become. At least that’s been my experience. Pick any topic and take a look at which pieces of the puzzle [...] Read Full Story

What is financial freedom? For me, it simply means having the freedom of time, a time where we can spend to the things that we enjoy and the things that are important to us. Why do we need financial freedom? Ask yourself the following questions and you’ll find out the answer. “If you are an employee, will you be willing to work for the rest of your life?” “You keep working and working as an employee, who gets rich in the end? Is it you or your company?” “Did you ever notice that as your pay increases as you work your way to climb ... Read Full Story