What Is Financial Literacy

By Madison Louth

Summary

You get a hundred dollars. What will you do with it?

Chapters

  1. You get a hundred dollars. What (0s)
  2. Spend it on clothes, buy food (5s)
  3. The real question is, did you (12s)
  4. It means earning, spending, saving, borrowing, (18s)

Transcript

You get a hundred dollars. What will you do with it? The choice is completely yours. Spend it on clothes, buy food with friends, save for a car, or put it toward college? There's no single right answer. The real question is, did you choose on purpose? That's financial literacy: understanding how money works. It means earning, spending, saving, borrowing, investing, protecting your money, and planning ahead, so the choices you make today open tomorrow's doors.