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Are You Financially Literate? – Tips & Resources for Education on Money

Like language literacy, where your reading grade level quantifies your competency, financial literacy is gradated.

Novices have little to no understanding of even the most basic financial concepts. Intermediates grasp the basics of spending and saving but may struggle with more abstract or longer-term concepts, like estate planning and investing for retirement. Experts have the knowledge and confidence to manage all aspects of their financial lives and equip others – kids, parents, domestic partners, friends, employees – to do the same.

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Needless to say, no one is born with expert-level financial literacy, and no one achieves it overnight. But that’s not to say that becoming financially self-sufficient requires years of intensive study – far from it.


Further Reading on Financial Literacy

If you’re ready to boost your financial literacy, you’ve come to the right place. We’ve gathered together pieces on each of the main financial literacy topics. Use the links to open articles that catch your eye, and remember to share your thoughts in the comments!

1. Money Management

From spending and saving to where you keep your money, learn how to handle your finances on a day-to-day basis.

Budgeting & Saving

Learn all about near-term budgeting and saving here.

Banking & Alternatives

Explore banking and legitimate alternatives to manage your money.

Managing Money With Your Partner

Things like budgeting and saving become more complex with two people. Here’s how to navigate household finances with your partner or spouse.


2. Understanding & Managing Debt

Make the wide and often daunting world of credit and debt less intimidating by reading these pieces.

Your Credit Score

Your credit score plays a crucial role in your financial health. Learn how credit scores work and what your score means.

Credit Cards

The credit card is the most common type of unsecured consumer debt. Here’s what you need to know to be a responsible credit card user.

Other Types of Debt & When to Use Them

Dive into the dizzying array of debt products available to financially literate consumers and learn how they work.

Paying Down Debt

These articles can help you manage and reduce existing debt loads.


3. Increasing Your Income

Explore these income-boosting opportunities and strategies to help shore up your budget and make it easier to plan for the future.


4. Financial Planning

Start here for guidance on financial planning and related concepts, such as taxes and goal-setting at different stages of life.

Setting Financial Goals & Principles

These articles cover the art and science of establishing your financial principles and setting achievable goals.

Taxes

Taxes can be complicated, but you can’t avoid them. Here’s what you need to know to prepare yours.

Insurance

You never know what the future holds. Here’s how to decide how much coverage you need to protect yourself against the unforeseen.


5. Investing

Explore the concepts and principles you must understand to make informed investing decisions.


6. Estate Planning

The sooner you start thinking about estate planning, the better.


7. Teaching Kids About Personal Finance

Not sure how or when to talk about money with your kids? Start here.


8. Avoiding Financial Scams

Financial scams are far too common. Learn how to spot them ahead of time and seek redress if you’re a victim.


9. Miscellaneous Financial Literacy Topics

These sundry topics are no less important for failing to fit into the categories above.


Final Word

It bears repeating: Financial literacy is a journey, not a jaunt. The above list is only a portion of the articles we offer on various financial topics – and comprehensive as we strive to be, we don’t claim to offer the last word on every single financial topic out there.

The best thing you can do for your personal financial literacy is to become a voracious, educated consumer of finance-related content. As you increase your information consumption, use your existing value system, personal circumstances, and life goals to inform your opinions and objectives.

And don’t be a stranger. We’re here to help you become a smarter, more confident consumer.

Brian Martucci
Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he's not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.

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