Five ways to improve your financial literacy

Summary

  • Financial literacy has become a part and parcel of today’s life.
  • To put it simply, financial literacy is the foundation of one’s relationship with money.
  • Financial skills can help to improve your personal finance management, budgeting and investing.

Financial literacy has become a part and parcel of today’s life. Be it choosing the best retirement fund or stocks, financial knowledge plays a critical role. To put it simply, financial literacy is the foundation of one’s relationship with money. Financial skills can help to improve your personal finance management, budgeting and investing.

Fortunately, there is no dearth of resources that can help to improve your financial knowledge. Here we will discuss five ways to polish your financial skills:

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Start with a good book

Books are known to be our good friends. So, how can we not start out journey towards improving our financial knowledge without any book. Thus, you must find a good financial literacy book to start with. Either you can search a good library or use the internet to access popular books on personal finance. Some of the books popular with finance students include Personal Finance for Dummies by Eric Tyson, and Broke Millennial: Stop Scraping by and Get Your Financial Life Together by Erin Lowry.

Financial magazine, newsletters

There are several financial magazines available both in print and on the web. It is always advised to subscribe to a good financial magazine or a newsletter so that you remain well acquainted with financial concepts and new developments. Magazines have a reputation to introduce topics and ideas that you would not have sought out on your own.

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Podcasts can be handy

There is nothing better than listening to a podcast in current times. You can easily find top analysts, economists and financial planners sharing their bits on diverse topics via podcasts. What is more interesting is that you can easily tune into a podcast even while walking or driving to your office. You can explore podcasts by several big names on the internet for free. In case you have deep pockets, you can easily subscribe to some of the top names in the field as well.

                   

Five Ways to improve your financial literacy

 

Online courses and tutorials

There are several free online courses that you can subscribe to polish your financial literacy skills. You can even check out tutorials on various financial topics on YouTube. There are courses which also provide you with a certification. From personal finance to commodity trading, you can find a variety of online courses, which are prepared by the very best in the field.

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Community events

Virtual and community events provide a wonderful opportunity to deepen your financial skills. You can easily attend various seminars and community-oriented financial literacy programs around the country that offer resources aimed at low- and middle-income adults. These include budgeting and investment classes. The best thing is that you can interact with a financial coach during such sessions.

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