By; Okafor Joseph
Okafor Joseph is journalist for Naija247news for commentary and stories contract him on firstname.lastname@example.org
Following the different interpretations about financial literacy across the globe, financial experts have again shed more light on what financial literacy is all about as well as its imperativeness in our daily living.
According to them, for a human to lay claim that they have good knowledge about money remain an easy move but does not suffix for financial literacy.
To be financially literate, they explained, is to have some set of skills and knowledge that allows you to make informed and effective decisions with all of your financial resources.
It requires getting oneself armed with the basic concepts of money management which may include but not limited spending less than you earn and diversification of one’s your investment.
Others according to them include saving for the future or what is popularly termed ‘providing for a rainy day. Saving for the future is one of the best financial decisions anyone can take and this does not mean you should deny yourself basic life necessities.
In the same manner, minimizing one’s debt will be undesirable and preparing for an emergency is but the other ways that people can enhance their financial literacy level, they added.