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#Financial Literacy


 Financial Literacy 




So, what exactly is financial literacy? Financial literacy is the study of finances or money, particularly our own. The most important lesson we should all be taught and have knowledge of is how to spend our money responsibly. One of the most crucial issues of all time is financial literacy. The eventual goal is to understand how to spend less money than you make.


It's essential to understand the principles of money management, including how to set up a budget, save money, pay off debt, invest, and more. Information about financial literacy resources is necessary. Having a plan for your finances is also significant. Nearly two-thirds of all Americans were unable to pass a basic financial literacy exam, which asked them to calculate interest and answer questions about financial risk, according to the article "Money Matters." For me, this is common given how they expect individuals to know about money and complete financial literacy exercises and questions without being taught. Financial literacy is about comprehending it and knowing about finance, not about having the answers to questions.


No Curriculum 


Due to its importance, financial literacy should be taught in schools alongside all other subjects. As of 2022, schools are not helping with the knowledge of financial literacy. Financial literacy is an important topic that should be taught in schools to students. The aspects of money and money management should be understood by students and young adults. Even those who instruct students in finance lack a full understanding of financial literacy and the value of financial education. It's necessary to put financial education and life skills into practice. Also, there’s no curriculum about financial literacy in schools that could be taught to students. 


Real-world Experiences


I would like to learn about the worth of money and how to handle my money responsibly as a student. I desire practical experience with money that I can apply to my life after school. I'd want to learn how to handle my money, make a budget, and even come up with the cash. Knowing how to handle my own money, could be the most important thing I would be taught in life and the real world. In the article, it states, “Financial literacy is a subject that cannot be taught through memorization and test-taking.” Having a complete understanding of financial literacy and finances is only the correct way of heaving knowledge about it. Young individuals who receive financial education are better prepared to succeed in today's day and age by gaining information, skills, and perspectives toward money.





Financially Stable



It's important to have a healthy financial situation. People who are financially literate are more likely to be independent. It is extremely advantageous to have money and use it to invest in order to get additional money. Moreover, you never know what the future holds or how you might be able to use the money you have to get out of a problem or get something valuable. Being financially stable is very necessary.



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