Financial Literacy Resources

Helping you prepare for life- - the links on the left will provide access to resources to help you make informed and responsible choices about common financial issues: budgets, credit cards, saving, investment, etc.

Some of the key components of financial literacy are:

Money Management: Effective money management involves creating and maintaining a budget, tracking expenses, and adjusting spending habits to align with one's financial goals.

Saving and Emergency Funds: Financial literacy includes understanding the importance of saving for short-term and long-term goals, as well as establishing an emergency fund to cover unexpected expenses. This helps individuals build financial resilience and avoid high-interest debt.

Credit and Debt Management: A financially literate individual knows how to use credit responsibly, maintain a healthy credit score, and manage debt. This includes understanding how interest rates work, the consequences of late payments, and strategies for paying off debt.

Risk Management and Insurance: Financial literacy involves understanding the role of insurance in risk management and how to select appropriate insurance coverage to protect oneself and one's assets from potential financial losses.

Investing and Retirement Planning: A crucial aspect of financial literacy is knowing how to invest for the future and plan for retirement. This includes understanding various investment vehicles, such as stocks, bonds, and mutual funds, as well as the principles of diversification and compound interest.

• 360 Degrees of Financial Literacy

• For Young Adults and Teens: Quick Tips for Managing Your Money

• How to Fix Mistakes in Your Credit Card Bill

• My Money Coach (Canada)

• MyMoney.gov (USA)

• Understand Your Credit Score

• Watch Accounts Closely When Card Data is Hacked