You’ve probably been told at some point in your life that you are “book smart” or “street smart,” but have you ever been told that you are “money smart”?
Being “money smart” means that you are financially literate – or you possess the necessary skills to manage your money and make intelligent, logical decisions regarding it. Financial literacy encompasses both book smarts and street smarts; some people may exude an innate financial awareness from birth, while others may spend their entire lives studying the art from others.
Regardless of your current financial literacy level, there is always room for improvement. As policies change and new laws are enforced, your financial picture may change dramatically, for better or worse. Check out our tips below for ways to stay up-to-date and consistently improve your money smarts.
10 Ways to Continually Improve Your Financial Literacy
A Lifelong Pursuit
Becoming money smart doesn’t happen overnight. Think of financial literacy as a lifelong pursuit that will evolve over time – sometimes rewarding you, and sometimes not.
And remember: It’s never too early or too late to begin your journey! The sooner you start, the better – but that doesn’t mean that you’ve run out of time to make a difference to your bottom line.
Author: Woody Derricks