Ask Leo: How has being financial literacy help to attain financial goals?
Financial literacy is very vital tools that play a major role in achieving our financial wellness or financial goals. The main goal everyone has is to be financially stable but to attain that one must understand the basics or knowledge needed on how things should be and one of the tools that can make us achieve that is be financial literacy.
What is financial literacy?
Financial literacy is the capacity to acknowledge and utilize diversity of financial potentials as well as individual financial management, budgeting and investing.
Important of financial literacy
Attaining financial literacy can aid individuals in different ways which are :-
• Attaining financial literacy can help an individual to keep away from making poor financial decisions. Some people or some of us make a rash decision especially during this bear because of being financial illiterate which really cost us a big loss. But, thanks to the hive blockchain and the #leofinance community which provided it's user the basics knowledge about finance and other related topics. The #leofinance community has really got someone like me cover especially about how to deal with financial related issue and crypto currency market because before I joined the hive blockchain, I don't really know much about crypto or how crypto market really works but since I have joined the hive blockchain and most especially the #leofinance community, I can really say that has really help me because of some knowledge attained through reading of different user's post on the leofinance community which serve as a guide to being financial literate.
• Being financial literate can help one to become self-sufficient, that is, to have the confidence or believe in oneself towards making financial decisions.
• Being financial literate can also help one to achieve financial stability because it will propel one in to the right direction especially about investment and savings and through this knowledge one can attain being financially stable.
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