Financial Literacy

Financial Literacy is a skill like any other. It is the abiility to read financial texts, understand it and subsequently make better decisions.

There is no substitute for financial education but based on my research, many people are out to make it seem like it is much harder than it is. What we want to do is to simply create, grow and protect our money but it sometimes feels like there is an information hurdle to jump.

It is important to consistently read about finance. See below for some resources. Please let me know if you have any suggestions that can support others.

How many books have you read about your finances?

Those who are more financially literate are more likely to invest in the stock market and pay attention to fees, to borrow at low costs, to accumulate retirement wealth, and to diversify risk (Global Financial literacy Report, July 2017)

Set your money goals

What are the milestones of financial success? What could it feel like or look like. I use the interactive Financial Success Map to help me assess how I am doing with my money goals.

cREATE YOUR financial SUCCESS MAP

Videos

How I helped a friend budget better
This video shows you a very simple way to set up your budget

WHAT SHE SAID: I love how you’ve simplified my money, I’ve set up all my standing orders, my new council bill arrived and am paying £3 extra 😏but I easily amended things - Sarai

How to calculate your networth easily
This video shows a very simple way to calculate your networth.

Are you ready to live for 100 years?
In this video, the authors of the 100 year life discusses how our views on retirement and old age need to change to accommodate a longer life.

Design your own Money Map
I tapped into research and my personal experience and I have designed an interactive financial success map lets me assess how I am doing with my money goals.

Where are you on the Map - click on the boxes below.
Plan where would you like to be at the end of 2020? 2021? 2025

Books

Earn More
Do you dread the idea of negotiating, but know that it can make a huge difference in your life? Do you want to learn how to negotiate your pay effectively and confidently, without spending hours on preparation? If so, this book is for you.

Your money basics
This was the first book I read about money. It is easy to read and is typically the first step many take to learning about finance.

Step by Step guide to Financial Freedom
Another useful resource to learn about the basis of developing a solid financial foundation.

Reorganise your life for old age
A highly forward thinking book that challenges the way we think of ageing today. It calls for changes in our mindset, corporate schemes and government initiatives to provide a more realistic approach to ageing gracefully.

How to design a world with women in mind
This book opened my eyes to see the ways the world discounts the female experience, in finances, employment, war, government, urban planning and more. A true advocate of diversity at all levels of society to create a common good.

I want More books :)

Apps to manage your finances

Apps

Digital Money Management
Manage your finances on the go PLUS get a full list of apps, websites on where to save, invest, shop for savings accounts and more.

Budgeting Spreadsheet

Manage and track your finances using a simple spreadsheet that allows you to:

Create a Budget
Calculate your net worth
Monitor your Debts
Track the monthly performance of your assets

DOWNLOAD

Big Money Stories

A Story of a Fuck Off Fund by BY PAULETTE PERHACH

A mother who wants to make her child a millionaire BY JP Livingston

Disclaimer
The content on WealthSquats are my own thoughts and is not financial advice. Consult certified financial experts to get information that is suitable to you.