Finacial literacy 

What is financial literacy 

The skill to comprehend what debt is and concepts such as saving and investing. These are lifelong skills needed to become an independent adult. 

Tips on budgeting 

Remove unnecessary expenses will make saving easier 

Save in case of an emergency that way you are prepared 

Keep a record of what you are spending what's going in and out to keep organized 

Limited holidays abroad to save money 

Today due to rising costs the value of things has become confusing. Houses were much cheaper and affordable, however that is not the case today. This dilemma can be solved by investing your money and budgeting properly.  

Inflation and Loans? 

As time has passed slowly there has been an increase in charges. For example, rent and taxes, this has caused people to struggle when looking for places to live, in addition to this unfortunately the rise in rent has left many homeless. Learning about financial aspects such as taking a business class/course helps us make well informed decisions. 

Loans is when you go to a bank and inform them about how much you would like and receiving the money but being expected to pay it back with interest. People have mixed opinions on loans as you will eventually end up paying more back. 

I personally suggest you take some time out of your day to learn about financial issues around the world and take a deeper understanding of why budgeting is so beneficial.