Financial Literacy

1. Financial Literacy By: Carson Howell

2. 1.What is financial literacy? Financial literacy is an understanding of money and financial products that people can apply to financial choices in order to make informed decisions about how to handle their finances. Many individual nations have recognized the importance of financial literacy and created task forces to study their populations with the goal of offering education and outreach. A common place to see classes is in high schools, where students may be offered the opportunity to take some brief courses to prepare them for managing their finances after graduation.

3. What is financial literacy? Financial literacy involves a number of different areas of understanding. Learning about money and how it works is an important aspect, as is understanding products like credit, loans, and insurance. The ability to understand and work with interest and exchange rates is also important, with interest being of particular concern since many consumers take advantage of the credit market.

4. 2.How do I know whether I'm financially literate? There are many test to see if you are financially literate. You can take online test to see how you rate against other people in the united states.

5. How do I know whether I'm financially literate? The state also has a financial literacy test to see how our country rates against others. You can also take test and classes at your local community college.

6. 3.How do I compare with respect to pothers? With respect to others ten percent of Americans scored higher than I did on the national financial literacy test. I know that because you can take a test at rand.com.

7. 4.How does the United states financial literacy compare to other countries? Financial literacy in the United states is actually fare better than other countries. In places like Africa the people really don’t know a lot about the government and what there doing.

8. 5.Why should I become financially literate? There are many reasons to become financially literate. You will not have to pay someone to do your finances and in the long run you will make more money. It will also save you money because you can tell if somebody has made a mistake on any of your bills.

9. Why should I become financially literate? Also you will understand more that’s going on the government and why things are the way that they are.

10. 6.Where do I go for information if I want to improve my financial literacy? There are many options if you want to improve your financial literacy. You can even stay at home and improve it. There are many websites out there that will help, such as cfee.org and personal finance insights.com.

11. Where do I go for information if I want to improve my financial literacy? You can also go to a local community college and take classes in financial literacy. There are many small businesses that teach the classes to.

12. 7.What if I want to have fun while I'm learning financial literacy? Where do I go and what can I do? There are many options you can chose from and still have fun while learning financial literacy. There are many interactive websites you can go to and learn financial literacy and not even know it.

13. 7.What if I want to have fun while I'm learning financial literacy? Where do I go and what can I do? There are also many technical college classes that you can take also to improve your financial literacy and maybe even get a degree.

14. 8.What do I do to promote financial literacy and to become financially literate? You can take classes and post what you learn on a blog such as wiki space and other websites. You can also register online to help promote and learn financial literacy.

15. 9. Who is promoting financial literacy? Many, many people are promoting financial literacy these days. Probably the people that are promoting it the most is the government. They are taking a survey of the residents of the united states to see what we know and they are promoting classes.

16. 9. Who is promoting financial literacy? There is also the National Financial Literacy Council with is also trying to promote the learning of financial literacy.

17. 10. Are there any big programs/plans happening on financial literacy? Right now the Financial Literacy Promotion Project, 2012 is happening. This program is also promoting financial literacy.

18. 11. Why is a business plan important and who should write it? A business plan is very important because it determines your cost, profits, advertising, customers, a business plan is everything you will do with your business.

19. 11. Why is a business plan important and who should write it? Your bank can write your business plan or someone that specializes in writing business plans and has a degree in it should write your business plan.

20. 12. How do I determine my start-up cost and expenses? Determining your start up cost and expenses is farely easy if you know what your doing. First off you have to know what all your going to need in order to start your business. Then you write all of that down and add it up and you have your start up cost.

21. 12. How do I determine my start-up cost and expenses? To determine your expenses you will need to know what tools you will need on a monthly basis. Then you add all of that up and you have your start up cost and expenses.

22. 13. Why is competition important? Competition is important because it will make people see that you have better prices than your competition. Competition will also make you strive to do better and will make your business basically a better business.

23. 14. What makes a successful marketing strategy? A successful marketing strategy is one that gets your businesses name out there as much as you can for the least amount of money. In marketing you also have to make your advertising appeal to customers and not you with is also sometimes hard.

24. 15. Where can you or a business owner go to receive advice or assistance with there business? A lot of people don’t know it but there are many places you can go to receive help in running your business. Even as simple as running to your local bank and receiving help or going to see your financial advisor.

25. 15. Where can you or a business owner go to receive advice or assistance with there business? There are also many websites out there or blogs where you can post questions and people will give you advice or tips.

26. Works Cited Merriam Webster, Springfield MA, 2008 “Career Information Center.” Encyclopedia International, seventh edition. “Career Paramont Publishing” Globe Fearson, First Edition. “Financial Literacy Test” Rand, April 20, 2012, www. Rand.com

27. Works Cited “ Financial Literacy”. Ask.com. April 20 2012. www.ask.com “ Financial literacy”. Young biz.com. April 20, 2012. WWW.young biz.com