How Good Is Your Financial Literacy? Take Our Quiz To Find Out!
Author: Melissa Cohen
Growing your money requires a basic understanding of money. Test your financial literacy and check out which free online courses are for you.
Money is complicated. We work so hard to make it, just to watch it leave faster than it arrived. We want to grow it, and we want to have the peace of mind that our future years are secure. But, how do we even begin to afford to do that? And, what about enjoying your money today? As Yoda would say: "financial literacy you must grow".Take our quiz to find out how much you know, how much you think you know, plus suggestions for free online courses tailored to where you’re at on the financial literacy course, now.
Financial literacy is an understanding of how money works in the world. Not just how to earn or make it, but how to manage it, how to invest or grow it, and even how to donate it to help others (it’s tax-deductible).It’s money knowledge combined with a skill-set that enables us to make informed decisions, with our financial resources, so we can meet our goals. And, to stop giving ourselves a run for our own money.When it comes to growing your wealth, understanding how finances work is a basic requirement. If you don’t have a thorough understanding of how compound interest works, for example, you can’t use it to work for you and not against you. If you don’t know how inflation can erode your money if it’s not invested correctly, you’re losing money without knowing it!But, compound interest can be applied to your financial literacy, too. What you learn and apply today, compounds your ability to manage and grow your money. How can anyone say no to that?