From saving money to paying down debt, here’s why financial literacy is so important. investinyou (In partnership with acorns.)
It was something she recently counseled her new hairdresser on, after he confided his anxiety around money and concern about providing financial stability for his family. The stylist, in his mid-40s, was invested in a fintech company stock and in crypto through a popular trading app, but had no retirement savings or life insurance.
"Without basic financial education about the power of compounding interest, what types of savings accounts and retirement accounts are available, and how important it is to start saving early, the financial future of many Americans is grim."Couples may have different thoughts about money. When there is mismanagement of finances or a difference of opinion about how to use money, that can create conflicts.
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