Financial literacy is important because it can help you to avoid accumulating unsustainable debt burdens either thru poor spending decisions or lack of long term preparation. This in turn can lead to poor credit, bankruptcy, housing foreclosure or other negative consequences. I don't like people to not get the best out of life. Failure to understand the basics of financial literacy can keep you in an unfortunate situation of paying a lot more for everything.
Joining us for this discussion on Financial Literacy is Markeith Gentry who is the station’s Production Assistant and makes sure Mastering Your Money is available to our listeners. Welcome back to Mastering Your Money, Markeith Gentry