Living an Informed Life | Financial Literacy
"Financial Literacy 101 equips individuals with essential knowledge and skills for making informed and responsible financial decisions, covering topics such as budgeting, saving, and investing." Financial literacy is crucial for making informed and effective decisions about money. Here are 10 key points to understand about financial literacy: Budgeting: Create and stick to a budget to manage income and expenses effectively. Understand the difference between fixed and variable expenses. Saving: Save a portion of your income regularly for emergencies and future goals. Know the importance of an emergency fund to cover unexpected expenses. Investing: Understand the basics of investing, such as stocks, bonds, and mutual funds. Diversify your investments to spread risk and increase potential returns. Debt Management: Be aware of the impact of interest rates on loans and credit cards. Develop strategies to pay off high-interest debt and avoid unnecessary borrowing. Credit Score: Kno
