What Is Financial Literacy?


What Is Financial Literacy?

A Laptop Displaying Colorful Bar Graphs And Pie Charts On The Screen With A Tablet Lying Next To It.

Becoming financially literate is a process.

Deciding to improve your financial literacy means that you have taken personal responsibility for educating yourself about the principles of money and finances and have committed to developing intelligent money management habits.

Financial literacy is simply the ability to understand and apply basic personal financial skills.

Financial literacy encompasses dozens of topics such as budgeting, saving, taxation, money management, spending, banking, all types of investing, paying bills on time, comparison shopping, credit reports & credit scores, building good credit, debt management, debt reduction strategies, planning for emergencies, insurance, mortgages, setting financial goals, earning, loans, living on your own, calculating simple and compound interest, how financial concepts like compounding interest and amortization schedules work, and how you can make them work for you instead of against you.

We’ve included some resources below to help you get started:

Go to Financial Literacy NOW Scholarship


About TriMark Legal Funding

TriMark Legal Funding was founded in 2003 and serves clients throughout the United States. Before their cases are settled, we provide personal injury victims with some of their anticipated injury settlement money from a car accident settlement, slip and fall settlement, etc. Clients can use the money to pay bills, car loans, medical expenses, rent or mortgage, buy groceries, and meet their other financial obligations. TriMark’s funding is non-recourse, meaning clients are not obligated to repay the money they received unless and until their case is resolved successfully.

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