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Personal Finance | 002 What is Financial Literacy and Why You Should Have It

1/14/2024

 
Summary: ​​Financial literacy involves understanding money and learning how to spend it wisely to generate more. Allowing money to work for us can enhance our lives and achieve greater financial freedom.
Is it okay to borrow from a credit card?  
Is it true that I shouldn't accept the promotion and raise because I will pay more in taxes after moving into a higher tax bracket?  
The chiropractic service accepts HSA. Is using my pre-tax dollars saved in HSA to pay for it a great deal?  
Is it true that when salary is too high we can’t invest in Roth IRA? 

If you answered "yes" to any of the preceding questions, then you may need to learn more about personal finance. It's disappointing that our schools often fail to teach us practical financial living skills. It's unfortunate to witness people struggling with finances due to poor decisions or missing out on opportunities to save or invest.

​Financial literacy involves understanding money and learning how to spend it wisely to generate more. Allowing money to work for us can enhance our lives and achieve greater financial freedom.
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