6
Tips
for
Boosting
Your
Financial
LiteracY
Jessica Ludvigsen
W
ith tax season recently ending,
money is top of mind for
many Central Floridians—
so it’s a fitting time to brush up
on your financial know-how.
your goal and the metrics that matter
toward reaching it. If you want to buy
a house one day, it’s key to understand
interest rates and how they affect your
overall mortgage payment. If you’re
saving for retirement, meet with an
The good news is that no matter your expert to discuss your target income
level of financial knowledge, you can after you stop working – and how
take steps to educate and empower much you need to save to get there.
yourself. Here are a few ideas:
2. Take advantage of free (and
1. Begin with the end in mind. Define affordable) resources. MyMoney.
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AUGUST 2018
gov and CNN’s Money Essentials
are just two examples of online
resources dedicated to teaching the
basics about financial education.
You can find advice on subjects
like buying a home, balancing a
checkbook, or investing in a 401(k).
3. Be realistic. If you’re just starting a
budget or beginning to save regularly,
it can feel like starting a diet: It’s best to
ease yourself into it. Drastic changes