The Importance of Financial Literacy

Financial literacy is a starting point toward happiness and prosperity when it comes to making financial decisions that will lead toward long-term success. It involves the ability to understand and use various financial skills, including personal financial management, budgeting, and investing. Although financial literacy is a life-long journey of learning, the earlier one starts, the smoother they will travel.

Key components of financial literacy include: an Up-to-Date Budget and a dedicated Savings. Note that there are others.

In the May 9, 2022 published episode of OLWJ Captivation, Marci Grossman, a financial educator discusses financial literacy in an organized, detailed, and easy-to read book titled “MoneyMarci’s Guide to Financial Literacy.

Fear, misconceptions, and self-doubt are three reasons as to why people may not take financial literacy serious but reading a book like this will change your mind and help to place you on the track toward a better financial future if you allow it to.