Financial Literacy Power Point By : Ke’Asia Haney

Financial Literacy Financial Literacy is like reading and writing. It is the knowledge of basic but essential concepts that are needed to be able to operate. Financial Literacy is also the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions through their understanding of finances.

Examples of Different Type of Financial Literacy's

How may I be financial literate ? Only 10% of Americans taking the national survey did as well as I did ! All the questions were based on financial literacy and I did very good because I knew all about it. I did really GREAT !

Things I did to become financial literate My Results National Average

How does financial literacy in the United States (or Italy) compare with respect to other countries ? Studies have been done with comparisons on financial literacy across eight countries the U.S., Italy, Germany, the Netherlands, Sweden, Russia, Japan, and New Zealand. To find this information you would go to

Why should I become financial literate ? Have a better understanding of financial and banking products Be more prepared to pursue your financial goals Taking better control of my money

Things to pursue while becoming financial literate. Buy a to do list Save Money Spend money wisely

Where do I go for information if I want to improve my financial literacy ? literacycarribean.com literacy/widgets/financialknowledgetest.html literacy/widgets/financialknowledgetest.html

What if I want to have fun while I’m learning financial literacy ? Where do I go and what can I do ? Doorways to dreams has designed financial literacy games, so you can become financially literate by having fun. Invest in a money tree !!

What do I to promote financial literacy and to become financially literate ? Ask for financial literacy programs in my school, my workplace and my local library You may find it at the : Library Book Store

Where you can promote financial literacy at ?

Who is promoting financial literacy ? Many people and characters are promoting or advertising financial literacy in many different ways. Such as : Elmo, puppets, TV celebrities, football stars or Ben Bernanke chairman of the Federacy of Financial literacy.

Examples !

Are there any big program/plans happening on financial literacy ? Yes, there are many. One important initiative is that the of the OECD. I have no clue what that stands for.

Why is a business plan important and who should write it ? A business plan is any plan that works for a business to look ahead, allocate resources, focus on key points, and prepare for problems or opportunities.

How do I determine my start - costs and other expenses ? It is wise to find out what start – up costs you will incur before starting the business. Many a budding entrepreneur takes his or her life savings, or will borrow equity on their home before figuring these financial factors, only to find that they don’t have money.

Why is competition important ? The existence of a competition indicates the existence of paying customers. If you avoid competition you are avoiding customers.

Examples of businesses in competition

What makes a successful marketing strategy ? 1). Defining your product or service 2). Having a competitive mind 3). Operate your marketing strategy in a positive way

It continues... 4). Knowing your competition 5). Finding a niche You can find these on :

Where can you or a business owner go to receive advice or assistance with their? “Counselors to America’s small business “ which provides free and confidential business advice and mentoring services to entrepreneurs nationwide.

How to Improve, finances/keep Records ? Maybe have someone that is good with holding something very valuable Go to a finances place that holds files of records and information Put them up in a place you’ll remember and is safe to keep there

Work Cited Page (: /widgets/financialknowledge.test.html /widgets/financialknowledge.test.html

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