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Financial Literacy 101


 

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!

If you enjoyed this blog post and want to learn more about financial literacy, as well as stay up to date with what is happening at the Youth Entrepreneurship Association, join our blog newsletter to get sent every post (1-4 per month) straight to your email inbox!

 

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