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Becoming financially literate is important because it can

a) save you money
b) make you more frustrated
c) make you a millionaire
d) help you earn a degree

1 Answer

4 votes

Answer:

A) Save you money

Step-by-step explanation:

Financial literacy is important for us. As per a 2015 report published by the Financial Industry Regulatory Authority (FINRA) two thirds of Americans do not even have the basic financial knowledge, it also told that if finance topics like debt, interest rates and budgeting are taught at school it impacts the spending, saving and financial decisions in adulthood.

Financial literacy can help people to become financially stable and self sufficient. It allows them to distinguish between needs and wants and managing their budget so that they could save money for paying bills, buying home and plan for their retirement. Early education helps them to develop healthy relationship with money and they learn the importance of earning, saving and managing the budget and helps to become a financially independent person.

User P Ackerman
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