How To Achieve Financial literacy  On Your Own?

If you have read any finance articles or news that relates to money, you probably have come across being financially literate or “financial literacy.”  These terms apply to how well you understand your finances and how educated you are in everyday financial decisions.

Being financially literate or “having financial literacy” is not difficult to define. These terms simply mean you have a basic understanding of finances and that you have a grasp on the value of money.

What is Basic Financial Literacy?

- Two-thirds of American adults can’t pass a basic financial literacy test. - 44% of Americans don’t have enough cash to cover a $400 emergency. - The majority of US adults (61%) have had credit card debt in the past 12 months and nearly two in five (38%) carry such debt from month-to-month. - Nearly four out of every five U.S. workers live paycheck to paycheck. 

Financial Literacy Statistics

1. Hit the Books

Dedicate a minimum of 1-2 hours each week to reading books about managing your money, investing, how to budget, etc.

How To Achieve Financial literacy On Your Own

2. Read Magazines and Online Publishers

Think publications like Kiplinger, Financial Times, Fortune, and there are tons of personal finance bloggers (like me). Also, websites like Bankrate, Student Loan Hero, BiggerPockets, GoBankingRates, and Investopedia have tons of useful information, online calculators, and more.

How To Achieve Financial literacy On Your Own

3. Use Financial Management Tools

Managing your finances and money doesn’t have to be hard or boring. Thanks to the tech and the internet, there is an abundance of money tools to help you be more proficient.

How To Achieve Financial literacy On Your Own

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