FINANCIAL LITERACY FOR DUMMIES


FINANCIAL LITERACY
FOR
DUMMIES
Beginners Guide to Money Management

Building Foundation
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04
01
Budgeting
Budgeting is the methodical planning and allocation of financial resources to achieve specific goals, helping individuals and organizations manage spending and work towards financial objectives.
02
Saving and Investing
Saving involves setting aside a portion of income for future needs or emergencies while investing entails putting money into assets with the expectation of generating returns and growing wealth over time.
03
Debt Management
Debt management involves strategically handling and organizing one's outstanding debts, often through budgeting, negotiation, and repayment plans, to regain financial stability and minimize interest costs.
Understanding Credit
Understanding credit involves grasping the concept of borrowing money, building a credit history, and managing credit responsibly to access financial opportunities and services.