Financial Literacy

Financial Literacy Month

What is Financial Literacy?

There are many interpretations of the term "Financial Literacy" as defined by governmental and educational agencies.

In essence, the term Financial Literacy means that an individual has basic understanding of how to handle personal finances.

Personal finances include, but are not limited to:

  • Resource options for Higher Education

  • Loan options (e.g., mortgage, auto, and student)

  • Banking (e.g., checking, savings, and investment accounts)

  • Taxes (e.g., federal, state, and local)

  • Insurance (e.g., health, life, auto, renters, etc.)

  • Budgeting (e.g., income, expenses, and savings)

  • Investing (e.g., types of plans offered by employers and to individuals)

  • Credit card management

  • Identity Protection (e.g, name, social security number, birth date, etc.)