Ways to Improve Your Financial Literacy

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Would you just jump on a bike and take off without ever learning how to ride? Most likely not. So why jump in and make important financial decisions without educating yourself on the basics first?

Those who have a greater knowledge of finance tend to be more involved in the details of their personal finances like keeping track of expenses, budgeting, and investing. Don’t be discouraged if you are feeling behind. No matter what age you are it’s never too early or too late to learn. There are tons of resources out there to quickly help improve your knowledge about finance! Here are some ways to help improve your financial literacy:

Don’t Procrastinate

Don’t make excuses and delay the process of increasing your knowledge about financial matters. Since there are many different financial topics, don’t overwhelm yourself. Instead just go topic by topic, starting with what interests you most or what is most relevant to you. This will help you get a better understanding about things like investing, Social Security, estate planning, credit/debit cards, credit scores, credit reports, real estate, saving, retirement funds, taxes and budgeting. The quicker you start to improve your financial literacy, the sooner you will be able to make smart financial decisions.

Read!

Don’t know where to begin furthering your financial education? Sometimes all it takes is one good book! The founder of Tayne Law Group, Leslie H. Tayne, Esq., wrote the book Life & Debt, which contains lessons on how to properly manage your debt, and answers to your most pressing FAQs. This book is an easy read and really gets to the nitty gritty about budgeting and other financial topics! You can also begin reading newspapers and magazines catered toward money matters. Some beneficial newspapers and magazines are listed here. Try to read at least one finance-related piece a day.

Get Online

It’s no secret that you can get access to almost anything you want instantly with the convenience of the internet. There are tons of blogs, articles, podcasts, and online resources out there to help you with everyday money and banking matters. Consider setting the home page of your computer to a finance website as a great way for you to keep your interest of improving your financial education top of mind! Listening to financial podcasts or radio talk shows that offer financial advice during your car rides can boost your financial knowledge!

Take a Financial Class

If you have the extra funds and time, you may want to think about taking a financial literacy class to round out your financial education. Research local libraries and community colleges and find out if they offer any personal finance classes. If you prefer to stay home, you can take a course through an online college.

People who are more financially literate are better equipped to make decisions regarding their budget, saving, borrowing habits, investment choices and retirement plans. Don’t cheat yourself of obtaining the best financial education. It can make a huge difference in your monetary decisions and overall financial wellness!

 

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What People Have to Say

I just wanted to thank your entire staff at The Law Offices of Leslie H. Tayne, for helping me get out of debt. If it wasn’t for your firm, I would have never been able to resolve my $13k worth of debt in less than 3 years. Your staff did a great job, I was finally able to buy myself a brand new car without using a cosigner. I can’t tell you again how happy I am. I would recommend your services to anyone.

L.C. Client 2007-2009

I sleep like a baby at night now because of the work that you and your office have done. Rest assured that I will refer anyone I know to your office with conditions that are similarly circumstanced.

R.S. Client 2012-2014

You have been very helpful at first directing me in the right direction when I had no clue how to go about handling everything, I really appreciated all your advice and help and hope we can work something out. Thanks again for all your help and kind words, and patience.

D.M. Client 2009-2012

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