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Big Ideas: The following Big Ideas are intended to provide clear focus and purpose to the lessons. Read each statement and think about how what you have learned will affect your current and future decisions.

1. Personal finance is 80% behavior and 20% head knowledge.
2. Many Americans are buried in debt.
3. Learn the language of money!

1 Answer

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Answer:

Overall, each idea provides the notion that you need to learn about financial education and how financial security will impact a person's present and future life.

Step-by-step explanation:

1- Personal finances correspond to 80% of behavior and 20% of head knowledge, due to the fact that it is important to learn about financial education in theory, but it is the set of balanced actions on how to deal with money that will impact fact about your financial life. That is, how you deal with the money you have is what it dictates if you have financial intelligence.

2- Many Americans are buried in debt many times for not seeking specific knowledge about finance, or for having the knowledge but not applying it. It is necessary for society to be aware of the importance of knowing how to manage your money, how to make investments, how to consume healthily and how to deal with your money in an advantageous way.

It is also necessary that there is more information available on financial education in social institutions and that this concept be more widely disseminated and discussed in society.

3- Learning the language of money means knowing how to manage your money. People often make harmful financial decisions without being aware of the impact that such decisions will have on their present and future. Knowing how much you earn, how much you spend and how much you save, is essential to keeping your finances balanced.

People can start by creating monthly spreadsheets to control their spending, there are several ways to know where your money is going and if it matches your life goals.

There is also a lot of information available on the internet about investments, how to invest in the short and long term and how to make money effectively.

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