Financial Literacy: Applying Math In Real Life

I learned that anything is possible long as you put mind to it. I also learned that I

In this society, some of the most important things in your life have to deal with money. In Chad Foster’s book, Financial Literacy for Teens, he taught his readers how to save, spend, invest and give away your money. Reading this book has taught me to start saving when I’m young, know the differences of what I need to buy rather than what I want, to make money while I sleep and giving away some of your money will not only help yourself, but help many others as well.

Americas debt has doubled over the past several years, and most Americans do not know how to manage their finances. One of the only solutions that come to mind when thinking of how to make the economy better is financial literacy courses. [Thesis] Students should be required to take financial literacy class before graduating high school because [Reason 1] people need to learn how to logically make financial decisions, [Reason 2] and also to prepare people to make important economic decisions in an ever changing economy.

The idea of adding a financial literacy course into schools curriculums and requiring students to take it before graduating is a current decision being considered by numerous school districts. Supporters of this idea say that it would have a positive effect while the people who oppose this idea state that financial courses don’t work.

Investing was not the only vehicle used to accumulate wealth. Saving your money effectively is one of the strongest vehicle for wealth. It is not how much money you make it is how you manage it that counts. The best rule of thumb to use the 5% percent rule. This is where you save 5% of your check before you even spend it on bills. So if your check is $100 you save $5, then you will pay your bills. The reasoning behind is that percentage you are saving is going towards you and not anything else for your personal gain. From 5% you will work your way up to as high as you want as long as you can also pay your bills. Financial literacy is a problem in this country which is affecting the nation negatively. If we knew how to use our money properly

Financial literacy courses are a façade designed to sweep problems under the rug in order to project false images of the American dream. To reiterate: it doesn’t work. In a study from Harvard Business

I learned how to make the right decisions with confidence,but not unsure or demanding answers. With the decisions I make I know how to say no to tobacco, cigarettes,

I also learnt i must take more time out for me rather than trying to solve problems that are not mine,

“Bankruptcy doesn’t discriminate: in 2001, almost one in five Americans from ages 18 to 24 declared bankruptcy…”(Walsh).

A lifetime of financial success is a consequence of financial literacy. By the time my immigrant parents started saving money, they had to pay for my college expenses. Now that I have student loans, being financially literate is essential to manage my financial affairs with budget planning, debt management, and credit management. With financial literacy, I could devise a budget plan to pay back my college debt, fulfill parents’ wishes and maintain excellent credit scores to receive loans at low-interest rates for my entrepreneurial venture. My long-term goal is to start a generic pharmaceutical company and to serve my community in the form of affordable medications. Since a large amount of money has to be invested in the company, financial

Last but not least,I learned that even if you fail,you need to keep on trying to succeed just like Thomas Edison did when he was alive.By not giving up,he accomplished his goals and helped impact the world with his great

It is despondent to see the majority of college students make poor financial choices when it comes to repaying the student loan debt. Understanding the basic financial literacy fundamentals have helped me to budget my money spending, planning and strategizing myself before graduation when it comes to how much money do I need to borrow; how to repay my loans earlier and faster, and having an emergency fund for difficult situations. It is important for the students to take advantage of the debt management counseling sessions at their college institution to ease the gap in financial literacy and be debt-free.

I learned not to be afraid to fail. Failure makes me think about my ideas in a different way. It helps me to go on other paths of exploring. Empathy. I got a real understanding about how using empathy can aid in solving problems. Using empathy when interviewing someone made me focus in on the small aspects of solving things by talking to people and listening to what they had to say. Ideate. I learned how to brainstorm in a better and more fruitful way. Thinking about coming up with ideas from different vantage points was a real

I have learned more advanced troubleshooting skills and software basics. I have also learned how I can interact with members of my community to help me solve problems I run into on my way to a solution to a problem.These things will help me in my future because being a good problem solver is a well sought after trait in possible employees so that will allow me to market myself better as a person when trying to get a good job, along with the possible benefits it could mean for the company while i'm working there. It also gave me the opportunity to exercise my interpersonal skills by being able to reach out to professionals at the University of Missouri to help answer some of my questions. Which is good because it helps me to be better at finding a solution to problems with other people well.

How will what you have learned change your performance as a future taxpayer or accountant/financial planner in the future?