Why Financial Literacy Is So Important!

In past generations, cash was used for most daily purchases; today, it's rarely flashed – particularly not by younger shoppers. The way we shop has changed as well. Online shopping has become the top choice for many, creating ample opportunities to use and overextend credit – an all-too-easy way to accumulate debt, and fast.

Meanwhile, credit card companies, banks and other financial institutions are inundating consumers with credit opportunities – the ability to apply for credit cards or pay off one card with another – and without the proper knowledge or checks and balances, it is easy to get into financial trouble.

Read more: Why financial literacy is so important | Investopedia https://www.investopedia.com/articles/investing/100615/why-financial-literacy-and-education-so-important.asp#ixzz57nGC2Cst