Financial Literacy

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Financial Literacy

Larry Mitchell
Youth today have a misconception that money will always be there.  Many have never had jobs or had to earn money for their needs or wants.  The idea that they will someday have to manage their time and money that they make is beyond their comprehension.  Implanting ideas early in life of how to earn money and the necessity of budgeting money after it is earned is crucial. Budgeting should include thoughts of how to make money, how to pay bills, how to  save, and risk management to include  life and health insurance.  Practical group discussions on these subjects could be and should be brought up in any classroom from Chemistry to P.E. classes.
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Re: Financial Literacy

Hingday
Financial literacy refers to the ability to understand and manage various financial aspects, including budgeting, saving, investing, and making informed financial decisions. It empowers individuals to make choices that lead to long-term financial stability and growth. Without a solid foundation in financial literacy, one might face challenges in managing debt, understanding credit, or planning for retirement. It’s possible to improve financial literacy through continuous learning and practical experience. If you take the time to learn, you may start to see opportunities for better managing your resources, possibly gaining more control over your financial future. Be sure to explore different financial concepts, and there's a chance you might begin to make more confident and strategic financial decisions over time. Additionally, using tools such as semakan str can provide valuable insights into your financial status, helping you track your progress and identify areas for improvement.