Why Do I Need That?
Some times people view financial literacy as something they don’t need or think that they already have. This article is not to debate either of those facts or deceptions. It is simply meant to get each of us to think about the need for true financial literacy. Below I have compiled a small list of life issues that require some level of financial literacy. Remember what you don’t know can really hurt you, so let’s get educated and use that education wisely. Here is that short list of life events:
Marriage College education
Obtaining a loan Purchasing a car
Parenting Improving and evaluating your credit
Obtaining insurance Purchasing a home
Divorce Death of a loved one
Each of these situations requires financial literacy. Depending on how financially literate you are will determine the type of decision you make. Get educated; educated people are in position to make educated choices. Others are simply rolling the dice and hoping something good happens!
You can also seek the assistance of a professional in these areas as well.