We Will Guide You Through Your Financial Literacy

Creating a balance between learning practical personal money management and understanding the broader economic structure is the key to true financial literacy. Ready to start your journey?

Everything About Financial Literacy

Financial literacy refers to an individual’s ability to learn and use a wide range of financial skills, with the goal of wise stewardship of the resources. Strong financial literacy can support many key life goals, whether that means owning a home, starting a business, or leaving an inheritance for children and grandchildren.

Financial Literacy: Key Skills

To achieve financial literacy requires honing core financial literacy skills, including the following:
To make smart financial decisions, planning ahead is important, tracking income and expenses weekly or monthly.
Financial management means saving and investing monetary resources in a way that keeps them safe, and perhaps even allows them to grow.
The financially literate person may seek shrewd investments in stocks and bonds; in retirement accounts, such as individual retirement accounts (IRAs); in real estate; or possibly even in business ventures.
While opening a credit line isn’t necessarily a bad move and may even be wise, financial literacy requires prudence. Excessive debt can be dangerous.

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Get the best financial education with our experts and be financial literate. Ready to start your journey?

About Seraphim Media

Seraphim Media was launched in 2005, we’ve made it our mission to simplify complex financial information and decisions for our readers, giving them the confidence to manage every aspect of their financial life.
Our millions of users come to us from all over the world and from all walks of life. Some are learning about money and investing for the first time, while others are experienced investors, business owners, professionals, financial advisors, and executives looking to improve their knowledge and skills. No matter who they are, we are here to help.
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6 Financial Tips for Young Adults

These financial tips are designed to help you live your best financial life and take advantage of the fact that the younger you are, the more time your savings and investments have to grow.

Learn Self-Control

Although you can effortlessly buy an item on credit the minute you want it, it’s better to wait until you’ve actually saved up the money for the purchase. Do you really want to pay interest on a pair of jeans or a box of cereal? A debit card is as handy and takes the money from your checking account, rather than racking up interest charges.

Control Your Financial Future

Instead of relying on others for advice, take charge and read a few basic books on personal finance. Once you’re armed with knowledge, don’t let anyone catch you off guard—whether it’s a significant other who slowly siphons off your bank account or friends who want you to go out and blow tons of money with them every weekend.

Know Where Your Money Goes

The best way to do this is by budgeting. Once you see how the cost of your morning coffee adds up over the course of a month, you’ll realize that making small, manageable changes in your everyday expenses can have as big an impact on your financial situation as getting a raise.

Start an Emergency Fund

Having money in savings to use for emergencies can keep you out of trouble financially and help you sleep better at night. Also, if you get into the habit of saving money and treating it as a nonnegotiable monthly expense, then pretty soon, you’ll have more than just emergency money saved up—you’ll have retirement money, vacation money, or even money for a down payment on a home.

Start Saving for Retirement

Just as your parents probably sent you off to kindergarten with high hopes of preparing you for success in a world that seemed eons away, you need to plan for your retirement well in advance. Because of the way compound interest works, the sooner you start saving, the less principal you’ll have to invest to end up with the amount that you need to retire.

Guard Your Health

If meeting monthly health insurance premiums seems impossible, what will you do if you have to go to the emergency room—where a single visit for a minor injury like a broken bone can cost thousands of dollars? If you’re uninsured, don’t wait another day to apply for health insurance. It’s easier than you think to wind up in a car accident or trip and fall down a flight of stairs.

The Power of Financial Literacy

Ultimately, the best outcome of your commitment to financial literacy will be increased confidence in yourself. When you have the knowledge you need to make informed decisions, you’ll be able to trust that you can avoid going into debt or investing with too much risk. From there, you can create and pursue financial goals that will most support your vision for a happy life.

Get Financial Help You Deserve

Get the best financial education with our experts and be financial literate. Ready to start your journey?