Money Matters: How Financially Savvy Are You?

Image: Sujin Jetkasettakorn / freedigitalphotos.net

Money, money, money, why do we have to talk about money? We often hear money cannot buy happiness. There's a degree of truthfulness to it. But whether we admit it or not, having money (or lack of it) has a big effect on a person’s happiness. Having money is connected to our dreams and passions. We all want to build our dream house, spend vacations around the world, help the less fortunate people to name a few. But, how can we reach our dreams if we don’t have money? It's important especially for women to be financially knowledgeable these days. Single women should be smart about handling money because gone are the days when women will just rely on their future husbands to provide for the family. That should be the case unless your main goal in life is to marry what we commonly refer to as the 4M kind of guy – Matandang Mayamang Madaling Mamatay. :)

The question now is, how financially savvy are you? Normally, we acquire our spending and money habits from our parents or anyone we grew up with. The people around us highly influence us on how we handle our money. The issue is that they don’t really teach money matters in school. So whether your parents' financial habits are right or wrong, it is highly likely you'll adopt those which you have been exposed to. Due to lack of financial literacy, a lot of people have wrong spending habits or acquired misconceptions on money matters.

If you think you have financial issues or you don’t know if you’re spending or investing your money the right way, here are a few tips on gaining financial literacy.

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