Pillars of financial literacy

[Starmix]

Financial literacy enables us to build wealth, protect ourselves in case of emergencies, afford the things we and our family want to buy, enjoy a happy retirement, and live without money stress. These are the following pillars of financial literacy: 1. Debt, 2. Saving, 3. Budgeting and 4. Investing. We need to know all these to have a happy life. We cannot avoid debts but make sure to have a good debt to build a house, for kids' education and money-making potential. Saving means security. It is essential for financial wellness, a secured present, and a happy future. Let us spend less and save more. Budgeting is a skill where one needs to know where the money goes and what to spend that may not harm the savings. Lastly, investing means creating wealth and the growth of your investment secures your present and gives you a happy future.

 

[eLdavis]

This rules are extremely important if you really want to live a good life. I think people should be more enlightened about this, cause i feel a lot of people are not even aware of this, hence they misuse their resources from time to time.

 

[Starmix]

This rules are extremely important if you really want to live a good life. I think people should be more enlightened about this, cause i feel a lot of people are not even aware of this, hence they misuse their resources from time to time.

You are so right, people think that they will not grow old and that their earnings will be the same as they grow old. it is better to protect the savings while there is till so much time doing it.

 

[Passionate-writer]

You are so right, people think that they will not grow old and that their earnings will be the same as they grow old. it is better to protect the savings while there is till so much time doing it.

I think as far as financial literacy is concerned, it starts from a very early age. When people start realising the importance of money, they start saving money. Financial literacy is a really great concept. It also includes gaining financial education as well.

 

[Starmix]

I think as far as financial literacy is concerned, it starts from a very early age. When people start realising the importance of money, they start saving money. Financial literacy is a really great concept. It also includes gaining financial education as well.

There are also videos that explain how to become financially literate. There are ways to guide us in the right direction to be able to live on interest, let money work for us, and not to work hard for the money.

 

[Augusta]

Financial literacy is important for everyone. it will help one to build wealth, protect selves against brokenness and live without money stress.

 

[Starmix]

If these pillars of financial literacy are followed wholeheartedly then there will be financial freedom for everyone to enjoy.

 

[freelancermaria]

You can achieve your financial goals by spending less and saving more. And, you can take charge of your finances by investing wisely.

 

[Starmix]

That's the best rule to adjust your expenses to be able to save more and invest if possible for that's also how to manage finances.

 

[Augusta]

Gaining financial literacy is all about spending less and saving more. same with taking charge of your finances by investing wisely

 

[Starmix]

If we're financually literate, we can adjust our lifestyles thus avoiding expenses not needed at home and personal self.