{"id":13243,"date":"2021-01-01T14:30:40","date_gmt":"2021-01-01T14:30:40","guid":{"rendered":"https:\/\/affiliate.wcu.edu\/slslc\/?p=13243"},"modified":"2021-09-27T14:25:21","modified_gmt":"2021-09-27T14:25:21","slug":"community-engagement-track","status":"publish","type":"post","link":"https:\/\/affiliate.wcu.edu\/slslc\/blog\/2021\/01\/01\/community-engagement-track\/","title":{"rendered":"Financial Literacy"},"content":{"rendered":"

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What Does It Mean to Be Financially Literate?<\/span><\/h2>\n

The goal of financial literacy is to establish a feeling of control over your finances while also using money as a tool to freely make choices that build greater life satisfaction, according to a 2015 report<\/a> by the Consumer Financial Protection Bureau (CFPB). Additional goals include the ability to navigate unexpected issues like job loss and to set and work toward financial goals.<\/span><\/p>\n

When you’re financially literate, you understand how to allocate your income toward various goals simultaneously\u2014not just to ongoing expenses, but to savings, debt repayment and an emergency fund<\/a> too. You have the tools to thoroughly research and evaluate loans, credit cards and investment opportunities. Even if you don’t have a lot of disposable income to help you reach all of your financial goals, financial literacy will help you know how to prioritize them and make strides when you’re able to.<\/span><\/p>\n

Financial literacy in action can look like:<\/span><\/p>\n