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Posts Tagged ‘Financial Literacy’

Financial literacy is a lot more than the ability to handle a checkbook. It involves the ability to make financial choices, understand money and plan the expenditure over a long term. Everyone must realize that it is not enough to earn money. It is equally important to learn how to manage that money. Those who fail to do so end up in debt, even though they may be earning handsome salaries.
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Do you know what a 1099 is? Have you ever heard of venture capital? Do you think a market cap is something you wear on your head when you go to the grocery store? Are Bulls and Bears nothing more to you than a football and basketball team based in Chicago? If you can’t define these terms, you may be in need of some instruction in financial literacy.
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