Demi Broxton Demi 1 Professor Braktia INRW 0014 17 February 2023 Financial Literacy Essay How many of you as young kids said you were going to be rich and as you got older you grew more in the mindset of “I’m just going to keep myself stable.” Financial literacy is incredibly important for someone who wants to go to college. Also, it is more important in your in your hardships in moving out even if it is a growth situation or a forced decision. Again, in your teen years you can use financial literacy to just have money to spend when you want or need to, it can help at any age. When going to college the first thing you want to do is make sure you are financially literate and secure if that opportunity is available to you. This can help you if you do not receive enough financial aid, you will have security to do school without any worries. Another thing is not having to be so dependent on family when in an emergency but also on your day-to-day wants and needs, especially if you do not have a great relationship with or are trying to have no contact with them. Being able to move out when you want or need to without problems is such an amazing feeling. Being financially can help you in all aspects, being able to furnish your own place and buy your essential needs. In addition, if you need to take out a mortgage or a loan for anything you will be able to because credit stability ties in with financial literacy as well. A lot of teens wish for financial stability early to be able to afford their wants. Things such as new purses or game consoles. You can accomplish this now by saving which is highly easy save a little of your allowance or your pay check if you work. Being able to go out when your friends do after saving feels like such a great reward. Financial literacy is so amazing for these situations and a plethora more. All of these tips could have you rich or stable if you just put your mind to it. Especially being prepared for college, teen years, and young adulthood.
