Financial literacy is a must for us / myLot

Cagayan De Oro, Philippines

November 24, 2023 1:44am CST

We need to be financially literate. This helps us save and spend in the right way. We will also know the right bank for our savings plan. Then when are financially literate, we have the budgeting control and can handle or manage debit and credit, and foremost, we could start an investment of our preference. If one has no financial literacy, he may have no control over his spending, thus no saving may happen. We will be guided on how to be smart and wise in dealing with our money.

4 people like this

4 responses

Patricia Ocampo

@iKONICNoona (4295)

• Philippines

24 Nov 23

Becoming financial literate takes learning and understanding of your financial status. One must understand the value of his/ her earnings and how to spend money wisely .

2 people like this

OceanTiara

@RebeccasFarm (94538)

• Arvada, Colorado

24 Nov 23

They should teach this from childhood.

Anna

@LadyDuck (473777)

• Switzerland

24 Nov 23

We must use our brain, no matter who knows that spending more than you earn will bring problems for the future.

cterine9991985

@cabuyogty (3571)

• Philippines

24 Nov 23

I have learned in your post what can i do to save and spend money wisely. I can save a little money for myself and think carefully before i spend anything.