Juliette Fairley - What is financial literacy and why is it important?
In this video, Juliette Fairley emphasizes the importance of financial literacy, explaining that adulthood revolves around money management and that understanding spending, saving, and credit is essential to avoid pitfalls and use money effectively.
Video Transcript
Financial literacy is very important because life, once you become an adult, is all about money. It's all about paying for your bills. It's all about paying for vacations. It's all about paying for your child's college education.
It's all about paying for your home. Everything involves money. Once you turn eighteen and you leave your parents' home, it's all about money. And most people don't understand the value of a dollar or they don't understand what happens when you use a credit card.
They don't understand when you overspend. So financially, financial literacy is very, very important so that people can avoid the pitfalls of credit card use or overspending, not saving. It's very important to understand that money doesn't grow on trees, that, money is a tool, and it's a double edged sword. Money can be a double edged sword.
