Financial Literacy: Building a Strong Foundation
Financial literacy is the foundation of sound financial decision-making and long-term financial health. It involves understanding key financial concepts and applying them to manage your money effectively, plan for the future, and achieve your financial goals.
Start with the basics of budgeting. A budget helps you track your income and expenses, ensuring you live within your means and save for future goals. Implement budgeting tips like the 50/30/20 rule to allocate your income efficiently.