1 / 32

Michaela Byars

Michaela Byars. Financial literacy research. What is financial literacy?. Financial literacy is the ability to understand finance. It refers to the set of skills and knowledge that allows an individual to make informed and effective decisions through their understanding of finance.

adler
Download Presentation

Michaela Byars

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Michaela Byars Financial literacy research

  2. What is financial literacy? • Financial literacy is the ability to understand finance. It refers to the set of skills and knowledge that allows an individual to make informed and effective decisions through their understanding of finance. • I got this information from Webster’s Dictionary.

  3. How do I know I am financial literate? • I know I am financial literate when economics, business, and mathmatic’s are my strength. Then I will be financial literate. The test I took on there said that 10% of Americans did better that me so that means I did better than 90%. • http://www.rand.org/labor/centers/financial-literacy/widgets/financial-literacy -knowledge-test.htlm

  4. How do I compare in respect to others? • 78%, 22% of individuals reported that over the past year their household spent more than their income so in which case ends up to be heavy debt. So now they are stuck with little to no money for the household supplies needed. • http://www.usfinancialcapability.org/

  5. How does financial literacy in the united states( or Italy) compare with respect to other countries? • It shows women are less financial literate then men are. Men are also more aware of the short fall. So this is saying women are less financial literate.

  6. Why should I become financial literate? • Have better understanding of financial and banking products. Be more prepared to pursue your financial goals, take control of your money. • http://www.financialliteracycaribbean.com

  7. Where do I go for information if I want to improve my financial literacy? • Library and some people many help teach you how to financial literate. There are also some websites to help you understand and know financial literacy. • http://www.nber.org

  8. What if I want to have fun while learning financial literacy? Where do I go and what can I do? • First part: Have hands on activity. • You can go online and also you can do counting and handling money for the hands on activity. • http://www.winthemoneygame.com • http://www.cfee.org

  9. What do I do to promote financial literacy and to become financial literate? • Get new websites. • Must get tolerance, knowledge of stocks, bonds and manual funds. • http://www.accountingtoday.com

  10. Who is promoting financial literacy? • The youth in our community, advisors, realtors , college planners and etc. are promoting financial literacy today. • http://www.financialedacatorscouncil.org

  11. Are there any big programs/plans happening on financial literacy? • There are making a great deal of plans and programs for financial literacy. Like it is making new websites to visit and advertisment a little more than usual. • http://www.financialedecatorscouncil.org

  12. Why is business plan important and who should write it? • Plans that works for a business to look ahead, allocate resources, focus to key points. • http://articles-bplans.com

  13. How do I determine my start-up costs and other expenses? • Willingness to sacrifice, interpersonal skills, leadership ability, optimism is all to determine my start-up cost for a business. • http://articles-bplans.com

  14. Why is competition important? • Without it there would be no markets just like sports is nothing without a little competition. • http://wiki.answers.com

  15. What makes a successful marketing strategy? • Outline my goals and objectives for the brand and how to reach them. • http://www.americasbestcompanies.com

  16. Where can you or a business owner go to receive advise or assistance with their business( ex. Marketing, Customers, How to Improve, Finances/ Keep Records)? • Business developing counsel technical assistance and online communities where owners can give and receive advise. • http://www.stlouispark.org

  17. Page of the information • I got this information from the internet, and library. The websites I went to for each question is on the pages with that question.

More Related