By Ismaila Ganiyu - July 27, 2022
There is a strong correlation between financial literacy and other aspects of success later in life, such as earning power, credit score, and debt management.Financial literacy is the ability to understand financial concepts and make informed decisions about money. Being financially literate means you can effectively manage your own finances, which is critical for achieving success in life.Though personal finance is a critical life skill, many people never learn the basics ...
By Ismaila Ganiyu
It’s important to be financially literate because making sound financial decisions can help you achieve your goals in life. For example, if you want to retire comfortably, you need to make smart investment decisions and save for retirement. Additionally, having a good credit score can help you get lower interest rates on loans, which can save you money in the long run.Financial education means understanding the basics of personal finance: budgeting, saving, ...