Benefits of Financial Literacy

[Suba]

Financial literacy is a person's ability, including knowledge, skills and experience regarding various financial concepts such as managing finances, savings, investments, debts and receivables, financial planning, managing risks, etc. People's financial literacy is often used as an indicator of a country's economy, so if the community's financial literacy is below 50% it will be considered low, or most people do not understand financial literacy, especially about financial products and services. So fundamentally, financial literacy cannot be ignored by everyone, especially for managing their personal finances. So in your opinion, what are the benefits of financial literacy for everyone?

 

[Starmix]

Having an orientation of financial literacy means a lot, especially to those who like to do business. If one is financially literate he or she has a strong hold of their money, not allowing anyone to borrow. Those who are oriented with financial literacy they would most likely live on financial freedom.

 

[riberet19]

Financial education is quite important for any individual who wants to have healthy finances and learn how to function in today's complicated financial environment. A good financial education will make you make better investment decisions, learn to save correctly, and even give it value to the money he has.

 

[Starmix]

Financially literary frees us from bondage of ignorance. We will never spend the money in a useless way, instead the mind keeps on thinking how to multiple their money. They only venture on a business that yields good profit.

 

[Suba]

Financial education is quite important for any individual who wants to have healthy finances and learn how to function in today's complicated financial environment. A good financial education will make you make better investment decisions, learn to save correctly, and even give it value to the money he has.

Financial education is indeed very good for mastering financial literacy, but we don't need to be a financial master or everyone majoring in finance. Currently, there are many easy learning tools to master financial literacy wisely.

 

[Kirubel]

Knowledge is a power and amazing thing to have, and before doing any thing i think its better we have good knowledge amd skill about the thing we are planing to do, and in investment and business world financial literacy is mandatory, at list knowing a little thing is good.

 

[Starmix]

If you are financially literate you will never spend your money in the wrong way. You always have the right direction. Everything is under the right computation to guarantee that your money will not be put into the wrong hands but rather to the bank or any you trust.

 

[Suba]

If you are financially literate you will never spend your money in the wrong way. You always have the right direction. Everything is under the right computation to guarantee that your money will not be put into the wrong hands but rather to the bank or any you trust.

Even though everyone has a different level of financial literacy, basically financial literacy is a long-term investment that is very useful for managing finances properly and correctly, and especially for keeping our financial condition stable.

 

[Starmix]

Even though everyone has a different level of financial literacy, basically financial literacy is a long-term investment that is very useful for managing finances properly and correctly, and especially for keeping our financial condition stable.

That's it for someone who has ample orientation of financial literacy wants a long term investment for the more it yields good return. The money will be kept intact with a compounding interest.

 

[Suba]

That's it for someone who has ample orientation of financial literacy wants a long term investment for the more it yields good return. The money will be kept intact with a compounding interest.

So basically we have to be able to increase our financial literacy, so we don't only focus on investment instruments with compounding interest, but we also have to be aware of managing debts and receivables, taxes, emergency funds, pension funds, etc.

 

[Starmix]

So basically we have to be able to increase our financial literacy, so we don't only focus on investment instruments with compounding interest, but we also have to be aware of managing debts and receivables, taxes, emergency funds, pension funds, etc.

There are many considerations to be called financial literate, no mortgage, no loans, no hidden agenda to increase assets. Right financial management is the prime factor to avoid bad debts and loans. The person knows how to direct his finances.

 

[HansonU99]

There are so many benefit of financial literacy it's going to make you know we're and when to invest,if you have knowledge regards the financial lane you are going then at first your fund will be save and you won't be scam easily

 

[Starmix]

If you have financial literacy you would know where to put your money that yields a compounding interest. You also know the right investment or business that gives you the right track of your capital and profitability wise.

 

[freelancermaria]

Having financial literacy can be of help in managing our finances well. It will help us save and be able to manage some risks. I want to improve my financial literacy because I want to manage a small coffee shop this year or next year. It can come in handy in achieving entrepreneurial success.

 

[King Belieal]

Financial literacy is what I had lacked some years ago. I used to get good money from my father as pocket money every month, I never understood the concepts of saving and investing. The only way I knew was that I would get a job in the future that would pay my bills. Graduated but couldn't find a job. And I am here only wishing I had invested those days.

 

[Starmix]

It's not late for all of us to do business or invest as long as having the strong determination to succeed, in the absence of that, there will be no strong force to make the first step. We can start investing with a small capital or no monetary capital at all.

 

[Stardom22]

One of the major benefits for the literary in financial matters is that it gives the person the sense of bette self money management. It helps one to have controlled spending and good savings management.

 

[Starmix]

If you're financially literate you become wiser and smarter. You will know how to manage your finances. You will know how to budget and always avoid buying things not needed. You keep tract on the expenses you've made and replaced them as much as possible. You always think of your investment.

 

[Augusta]

Financial literacy can help you know when to spend,how to spend and the things you can send your money

 

[eLdavis]

A person who is financially literate will be well informed to make the right decisions when it comes to their finances.