Suze Orman Supports Financial Literacy for Women

The Partnership for 21st Century Skills has identified financial literacy as a 21st Century Content area. We as adults need to be financially savvy and we need to impart that money sense to our students and children.

 

Tonight one of my girlfriends, Wendy Stern dale, told me about an awesome book offer that Suze Orman, financial guru, has to offer women that I hope you’ll accept or share with the women you care about. She has written a book called Women & Money: Owning the Power to Control Your Destiny.

 

Although geared towards women, I’m sure anyone can benefit from the financial wisdom. It’s a five month program to help you create a healthy relationship to money, make more out of the money you have for yourself and your loved ones, and gain more financial freedom. If you open a save yourself account with TD Ameritrade, they’ll add $100 to your account. So you can start easily investing and recoup your investment in her book too!

 

I’m on a major campaign to learn more about finances so that I can make fabulous choices around money and teach these tools and strategies to my students. I hope you join me in making financial literacy part of your life and your teaching.

 

Financial literacy means “The ability of a person to understand finance”. It includes a set of principals, skills and knowledge that helps an individual person to decide effectively their financial matters by understanding these rules.

 

There are so many institutes which are providing financial education. They have a global and comprehensive range of information, database, research articles, reviews, issues of financial education and different educational programs around the universe.

 

Due to, raising of interest in personal finance, many countries including Australia, Japan, Canada, United States and UK are focusing to run different programs in the field of financial literacy.

 

Importance:

1. The most important task is to enable each consumer to take a financial decision.

2. Financial education enables a person to take decision at the right time effectively.

3.      Financial Education also helps a person to understand the financial budget and savings from the income.

4. Financial education is not only important for investors but also very important for middle class as they also wish to buy a car, purchasing a home, saving for retirement and choosing a career.

5. To take a financial decision in business it is also important that consumer should present consistent information about their financial products in the form of financial Statement, Audit Reports, and Balance Sheet etc.

6. Financial education also plays a major role to overcome poverty in any country and enhance the chances to grow the economic level high.

7. Financial management skills in the field of finance and management are very important it makes a person more stable and economically well in the business.

8. Financial Education provides a road map to the investor to run their business according to the needs of market and it saves their Money and Decision Time.

9. It also benefits businessmen to establish their business according to the need of market and grow their business.

 

Benefits:

1. The most important benefit of financial literacy is that it provides a powerful structure of life includes all the routines, discipline, methodologies and intentions to become a successful person.

 

2. A good and well versed financial skill worker may become an important person in any industry because those have good financial attributes, mindset and management skills can be useful for the good for the Organization.

 

3. In this era, people do not know what they are saving? And what should be saved? Financial literacy provides so many tools that can be useful for those who has hesitation and wants to take decision for the future prosperity.

 

4. A person can be unemployed for some period of time if he knows the financial literacy tools; it will help him to save the money for rainy day.

 

5. Financial education makes a person professional in the field of business and management.

 

In United States:

The USA is establishing many financial institute and educational centers for the awareness of financial literacy in the country. The Congress established the Financial Literacy and Education Commission under the Financial Literacy and Education Improvement Act in 2003. The Jumpstart Coalition has championed personal financial literacy in the United States since as early as 1995.

 

There may be a difference on the definition of financial Literacy; The Jumpstart Coalition mirrors this sentiment, defining financial literacy as “the ability to use knowledge and skills to manage one’s financial resources effectively for lifetime financial security.”

 

Personal financial literacy is the ability to read, analyze, manage and write about the personal financial conditions that affect material well being. It shows the ability of a person to discuss money and financial matters without any hesitation. It helps to plan well for the future and ready to face financial decision according to the economy.