Understanding personal finance is one skill the majority of people will need to possess throughout their lifetime. If most people are like me, they did not get a strong personal financial education in elementary or secondary school. Throughout my high school and college years, I struggled with knowing how to manage my finances. I did not know how to create or follow a budget, write a check, or balance and reconcile a checking account. Loan terms, debt, and all things finance were a mystery. Many teens and young adults are entering their adult lives with little to no financial knowledge, let alone having a plan as to how they will navigate their financial path.
Knowledge about finances is important for small business owners or those seeking to start a small business, too. Many people with an entrepreneurial spirit and innovative mindset enter the small business world without the solid foundation of financial understanding or a comprehensive business plan.
Knowing the basics of finances can go a long way to lessening the headaches of managing personal and business finances. I work hard to increase financial literacy among youth, adults, and small businesses by creating educational resources.
~ Angela Love