What is Financial Literacy?
Financial literacy is the ability to make informed and effective decisions about persond finances. Some keys aspects or financial literacy include understanding:
Budgeting
Saving
bullaine and improvine creall
Debt management
Investing
Tips For Financial Literacy
- Determine your needs vs. wants to spend money wisely.
Needs: Food, housing, health, transportation
Wants: Most recent electronics, luxury car, etc.
- Start a savings habit.
Income - expenses = savings
Put any money you receive or earn in a savings account. Set up an
emergency fund for unforeseen circumstances
- Get a job.
Earning your own income teaches the value of money. In California,
the legal working age is 14 years old.
Enjoy a suite of 14 games and related resources about everyday
financial topics. Also available in Spanish!
Thank you for reading!
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