Financial Literacy

Financial literacy can help you understand and use financial tools, make more confident decisions, plan for future financial milestones, along with many other benefits. Being financially illiterate can lead to many issues, such as accruing large credit card debt, missing out on the benefits of saving money for retirement or facing housing foreclosures. Scroll down for more helpful articles on how you can practice financial literacy.

Benefits

• Prepare in case of a financial emergency – Knowing how to save money and creating an emergency fund can help you through unexpected setbacks.
• Understand debt management – Whether it’s debt from credit cards, finances or financial emergencies, being financially literate can help you if you’ve accrued a large amount of liabilities. Scroll down to check out our Debt Consolidation Calculator.
• Reach your goals - Learning how to make a budget and how to invest and save money is key to building your wealth and achieving financial milestones such as buying a house or other assets.
• Increase your financial confidence – Reduce financial stress and anxiety while making big decisions by analysing and understanding all the necessary information beforehand.
• Stay safe from scammers – Those with a low level of financial literacy are more prone to falling prey to fraudsters running scams. Scroll down or click here to learn more.