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Humanities Matrix: Key Topics in Financial Literacy (links (https://www…
Humanities Matrix: Key Topics in Financial Literacy
Saving
an economy of or reduction in money, time, or another resource.
putting money aside to spend on a later date
How to increase the amount you save
Earn More
you may have a casual job, so it is likely you will be able to save some of the money you earn, even if it is just a small amount
you could also earn more through investing your money
Spend Less
identify areas where you might be wasting money and hold off buying items you can easily live without
give yourself a 'financial check-up' by monitoring what you spend your money on
Investing
is the process of putting money into a business or commercial venture (such as financial schemes, property or shares) with the expectation of making a profit
put simply, investing is a way of making your money work for you
investing can be a good way to help you increase your personal financial rewards
Assessing your risk profile
investing money means taking a risk
taking an investment risk means there is a possibility of losing money
some investments are riskier than others
putting money in an Australian deposit-taking institution such as a bank is generally considered low risk
investing in the share market or in property is considered to carry a higher risk
Setting Personal Investment Goals
thinking ahead is essential when setting personal goals such as buying a car or house, or saving for retirement
you need to think about the things you would like to purchase in the future and when you would like to make these purchases
links
https://www.youtube.com/watch?v=rLCUtbN8NYE
https://www.youtube.com/watch?v=WVfaxLDyrTc
https://www.youtube.com/watch?v=s7nO19BKNDA
https://www.moneysmart.gov.au/teaching/financial-literacy-research
https://www.fastweb.com/student-life/articles/the-5-key-components-of-financial-literacy
https://early20smoney.com/2018/08/14/financial-literacy-topics/