How to achieve Financial Literacy??
Being financially literate means, you have an understanding in a few core areas: · Budgeting and setting financial goals · Handling emergencies like job loss, accident, hospitalization, death, etc. · Paying bills and saving money · Basics of loans (personal loans, home loans, credit card loans, debt, mortgages, etc) · Credit cards and credit scores · How investing works, pension plans, mutual funds, the stock market, etc. Financial literacy is not something you will magically know either. The majority of schools are not teaching personal finances to students. Parents and families may be misinformed or lack a deeper knowledge that children cannot learn from. What should one do? Unless you take some economics courses within your education path, becoming financially literate is on YOU. Yes, you can blame the education system, your parents, your environment, etc. While they can all have some effect , this is st