Being financially literate in today’s economic climate is more important than ever. Understanding finances can help you make better money management decisions, budget your money properly, adequately save for college, and be financially prepared for retirement. While it may sound daunting, financial literacy starts with a budget.
Money Chat is a new and fun extension of Edwards & Associates Financial Services, Inc. with Diane Edwards as author.
We believe that education should be fun and learning should never end. We hope you enjoy reading the articles and possibly gain a better understanding of financial planning, money personalities and creating a stronger ROL (return on life).
We would love to hear from you! If you have any questions, comments or topic suggestions for Diane, feel free to email her directly at email@example.com.
*This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties.
The American Institute of CPA’s (AICPA) recently published a list of personal finance trends that we should all be concerned about. These trends highlight the fact that almost 63 percent of Americans today are unable to pass a basic financial literacy test.
Here are the troubling trends, as well as some tips on how to avoid them: