What is the foundation of a healthy financial life? For some, it’s a comfortable savings. For others, it’s the ability to spend without worry. However, the true key to a healthy financial life is financial literacy. Financial literacy refers to the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. Being financially literate enables you to make informed decisions and avoid common financial pitfalls to achieve your financial goals. While financial literacy is extremely important, many people struggle with it, which can lead to poor financial decisions, debt, and financial stress. Your Path to Confident and Smart Money Choices Financial Literacy:
you know how to manage your finances properly, you’re less likely to feel overwhelmed by money problems, which will likely lead to a more balanced and less stressful life.
WHY IS FINANCIAL LITERACY IMPORTANT?
Informed Decision Making Financial literacy empowers you to make informed decisions about your money. Whether you’re deciding how much to save, where to invest, or how to manage debt, having a solid understanding of financial concepts allows you to carefully weigh your options and choose the best course of action. Debt Avoidance Those who are financially literate are more likely to understand interest rates, the cost of borrowing, and how to manage repayments. This knowledge helps avoid unnecessary debt and effectively manage existing debt. Wealth Building Financial literacy helps you understand how to budget, save, invest, and plan for the future. With the right knowledge, you can make your money work for you, rather than constantly worrying about making ends meet. Stress Reduction Money-related stress is a common issue, but financial literacy can help alleviate this. When
HERE’S HOW TO IMPROVE YOUR FINANCIAL LITERACY.
Educate Yourself Take advantage of countless resources available online, including blogs, podcasts, and courses that cover the basics of personal finance. Books like “Rich Dad Poor Dad” by Robert Kiyosaki and “The Total Money Makeover” by Dave Ramsey may be great starting points. Use Financial Tools Budgeting apps like Mint or YNAB (You Need A Budget) can help you track your spending, while investment platforms like Betterment or Robinhood can teach you the basics of investing. Seek Professional Advice If you’re unsure about certain financial decisions, consider seeking advice from a financial advisor to help provide personalized guidance and create a plan that works for you.
SUDOKU
DELICIOUS CHICKPEA CURRY
Packed with protein and fiber, this chickpea curry is a flavorful, plant-based option perfect for any diet.
INGREDIENTS
2 tbsp olive oil
1 tsp ground turmeric
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1 onion, diced
1 15-oz can chickpeas, drained and rinsed
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2 garlic cloves, minced
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1 14-oz can diced tomatoes
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2 tbsp curry powder
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1 cup low-sodium vegetable broth
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1 tsp ground cumin
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Salt and pepper, to taste
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1. In a large pot over medium heat, add the olive oil. 2. Add the onion and garlic and cook until softened, about 5 minutes. 3. Add the curry powder, cumin, and turmeric and stir to combine. 4. Add the chickpeas, tomatoes, and vegetable broth and bring to a simmer. 5. Reduce the heat to low and simmer for 20 minutes, stirring occasionally. 6. Season with salt and pepper to taste. DIRECTIONS
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