How Financially Literate Are You?
Financial literacy consists of the knowledge, abilities, and skills that help improve a person's quality of life and financial well-being. With financial knowledge, a person makes sound financial decisions, sets realistic goals, and successfully handles unexpected financial situations. What sets a financially literate person apart?
- They always know how much money they have available;
- Their income exceeds their expenses;
- They have an emergency fund;
- They know about potential financial benefits;
- They use services that help them track their finances.
And these are just a few traits of someone with a financially aware mindset. How are your finances doing? Do you need to develop a more mindful approach to money, or do you already have a financially aware mindset? Take our test and find out!