Financial Literacy Importance

Good Essays
Financial Literacy is one of the most important aspects of your life. It can mean the difference of you being homeless with no money or living in a nice house with enough money for you to live your life. There are so many different things that you need to know including how to save your money, credit scores, insurance, taxes, investing, and so much more. Because there are so many things to know it is very important to spend a lot of time learning about them so that you are ready for the future. Even though most of these things will be put to use in the future there are actually many things that you can do now. The most obvious thing is just getting to know all about financial literacy early. One thing that you can do is ask your parents. They already know just about everything to do with financial literacy so they are a great source. Also, you…show more content…
You are going to need to know if you want to buy something or if you want to rent, or lease it. A car is probably going to be a mandatory object that you need. But you have to know if you want to rent, buy, or lease one. This all depends on your personal situation. Renting a car is normally for a short period of time, so if you are not going to be in one place for a long time renting may be your best option. If you need a car for a longer period of time but not for an extremely long time you may want to consider leasing. If you are going to permanently be using your car maybe buying would be the best option. Some positives of renting include: lower cost up front, not permanent, don’t have to pay for repairs, no property tax. Some positives of owning are: More freedom, lower cost in the long run, can gain money from selling (equity), more control, and no rent. Wether you buy, rent, or lease you should always consider your best option so that you don’t make a decision that you regret
Get Access