By Ernest Eguasa Outline What is Financial Literacy? Why is this important to you? Key financial terms to know. 5 Key things to know, remember, practice & share. Simple steps to get started What is Financial Literacy? Financial literacy means, in very simple terms, understanding money and how it works. This includes knowing how money is made, saved, protected, spent as well as the skills & ability to use this knowledge to make good financial decisions. In the words of a wise man “Money is slow to come but very quick to go”. -MI the Nigerian Rapper. Why is this important to you? 1. Ages 8-14 is the time of life that life long financial habits are formed. This is the same time much of a person’s personality & life values are formed. 2. Understanding money & how it works will have a large effect on all aspects of your life (family, friends, health, relationships, marriages & children). Most of life events are going to require money. 3....
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