Increase Your Personal Financial Literacy
Dealing with personal financial planning intimidates a lot of people. But the solution to gaining confidence is simple – improve your money management skills. Increasing your personal financial literacy doesn’t have to be hard; and the rewards you reap can make a lasting impact on your life and family. In fact, just one comprehensive, professional-level personal financial literacy program
can get you on the right track toward achieving your financial and life goals.
Fortunately, youth and adult literacy programs
are popping up across the country to help people improve their money management skills. But be warned: not all adult literacy programs are created equal. Some educational institutions (universities, community colleges, high schools) provide basic classes on personal financial planning. Their goal is to teach courses designed to make their students more money literate. The problem is that these classes often are taught by instructors with no expertise in personal finance.
The NFEC, on the other hand, has developed comprehensive training and coursework by collaborating with financial education experts
,financial professionals, and award-winning educators. The resulting programs both meet educational standards and pass the "real world" test.
Having even modest personal financial literacy knowledge significantly reduces the risks that go along with total ignorance. A comprehensive money management program taught by an expert instructor should be the first step in one’s quest to improve financial capability. Once you complete professional-level coursework, many different resources and ongoing education programs are available to help you continue honing your monetary skills.
In today’s information age, many money-oriented websites offer quick lessons on finance-related terminology; however, these types of sites should be combined with a proven education program that teaches you how to manage money. Trusting Internet content is foolhardy unless you already possess the knowledge to distinguish good information from bad. All individuals need at least minimal knowledge of how to take care of their finances and how to identify good advice.
Learning about money is essential for kids, teens, and adults alike. Teaching kids about money
while they’re young helps them develop good personal financial habits to carry into adulthood. Teenage children need to know the core lessons so they don’t fall into financial pitfalls as they mature. Debt is one of the most common problems our youth today face. Credit cards represent one of the easiest ways to get in over your head financially. Most people know very little about how those pieces of plastic work. They’re unaware that using a card for meals and other small purchases adds an enormous amount to the cost of the purchase.
Learning how to take care of your finances scares many people. But not understanding the basics of how cash and credit work is much scarier. Just a small amount of time spent taking a professional-level money management course can greatly improve your confidence. People who don’t understand these simple concepts become easy prey for the unscrupulous, fall into common pitfalls, and become worried about their financial futures. If you lack monetary know-how, visit an online site to increase your personal financial literacy now.