Good day, amazing people of Hive Blockchain. Welcome back to my blog. It is another edition in the #hivelearners community. I am so delighted to participate in this week's prompt financial literacy.
In my own ideology, after God, money comes next. Money is so important to man; there is a popular saying: Money stops nonsense. Indeed, money stops nonsense. Some say money is the root of all evil regardless of your thoughts, money is very important. We can’t survive without money; money makes life sweet and enjoyable.
The successful people we have in our society today are successful because the realize the important of financial literacy for someone like me who started at a tender age i remember back then my mom purchase a kolo for a carpenter living close to our house she told me that anyone given to me i should always put in my kolo that during Christmas she will use the money and buy cloth for me with joy in my i took upon myself to always put every money that i received from people into my kolo the long awaiting time approach which is Christmas my elder brother helped me break my kolo i was so excited see the money i was able to save, mom was proud of me, that year the Christmas cloth i wore was purchased from the money i saved that was when i realized how important saving is.
My finances are always stable because I realised the importance of financial literacy at a tender age; no man was born with this. It takes practice and experience for one to build a standard finance. As I was growing up, my knowledge about financial literacyd, and I got to realise I have to save, invest, budget and plan my finances.
Financial literacy is very important; it will help you to grow your finances and make smart decisions when it comes to finance. My mom will always tell me. Cindy You need to build your wealth; financial literacy is that magic that will help you to build your finances. One beautiful thing about financial literacy is it will help you
Manage and understand your personal finances effectively.
Things that help me manage my account
Invest: when it comes to growing wealth, it is important for one to invest, if possible, in multiple businesses that will give you a return. Thanks to God, there are many things that you can invest your money in; within a short period of time, you will get your money and interest.
Budget: a budget is very necessary. It is important for one to clearly state their budget. The majority of people have failed when it comes to finance because they failed to have a budget for how they spend money. When you have a budget, it will help you cut down on some unnecessary expenses.
For me, I think the best time to teach a child finance is at an early age. It will help them to be able to manage finance at an early stage. Start introducing them to a piggy bank and give them reasons why they should always put their money in a piggy bank. One thing about thing they hardly forget things. That is why the holy book asked to train up a child in a way he or she should grow, and when they are old, they will not depart from it.
Better management of our finances will lead to financial stability. Anyone that understands financial literacy will achieve their financial goals. Financial literacy is for a lifetime.
This is my entry on the weekly prompts #hivelearners #hl-w167e2 topic financial literacy.
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