Financial literacy and financial planning is an important aspect of entrepreneurship. However, many Latinas, and women in general, are reluctant to talk about money matters. Many factors, both cultural and social, have led to this tight-lipped approach to finances.
World Financial Planning Day encourages individuals to take charge of their financial lives and seek out the guidance of financial planners and finance experts when it comes to managing money and building wealth.
Below is a round-up of resources and past-articles to get you started on improving your financial smarts and finding financial planners, advisors, and experts to help you on your financial journey, whether for your business or personal life goals.
6 Latina financial experts you should be following on social media
Financial literacy is a crucial life skill that every person should have but is often overlooked. Many are not taught financial skills and Latinos traditionally are reluctant to discuss money matters.
Many of the Latina financial experts featured below all share similar origin stories of struggling with financial literacy and seeing their families struggle with money growing up. These Latinas turned their narratives around by becoming money savvy and breaking out of the limiting beliefs about Latinos and money that held them back before.
Becoming financially aware and making conscious choices when it comes to spending and saving can make a huge difference for you and your family. This can mean saving enough for college funds, paying off student loans and credit card debt, and even retiring early!
These six Latina financial experts have the tips to help you succeed and become a money savvy woman too. Check out their stories and follow them on social media to reap the benefits of their knowledge and see those savings grow! Continue reading here.
3 Latina money podcasts to improve your financial smarts!
These three Latina money podcasts delve into many money topics, offering tips, tricks, and financial planning advice. As Latina financial experts, they are breaking down the barriers surrounding money matters and showing other Latinas and minority women that you too can become financially independent, improve your financial literacy, and make financially wise choices to save money and build wealth. Check them out here.
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Tips to improve your financial literacy smarts
Whether you’re just starting out or have been earning your way for quite some time, it’s never too late to learn about saving and improving your financial outlook. Developing a budget and building financial knowledge is the foundation for a brighter future.
- Read and inform yourself as much as you can
As the old saying goes, knowledge is power. If you want to take control of you financial literacy the best place to start is at the beginning by hitting the books. Start reading newspapers or magazines that focus on money matters. Check out books and guides for beginners. Financial literacy is a skill, and like any skill it takes time to learn. Treat it like a school subject or a new hobby you want to master and absorb all the knowledge you can about finances and money matters.
- Make a budget and record your spending
If you want to be savvy with money budgeting is key. Having a set budget will help you estimate the amount of income and expenses for a given amount of time. There are many different kinds of budgets so you may have a weekly budget, monthly, or yearly. You could even have all three! Having a budget will help you keep track of your money and expenses and prevent overspending. Continue reading here.
Check out these financial experts and their career stories!
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