04/09/2019
Are you financially savvy?
What does it mean to be financially sound/savvy?
In simple terms, it means not to be strapped for cash.
Note that, it isn't about the quantity of money one makes. Someone making GHS24,000 ($4,400) a year can be financially sound while someone making GHS50,000 ($9,000) a year may not be.
It boils down to living on less than you earn and setting money aside from every paycheck. To be financially sound it's important one has an emergency fund and/or have some sort of plan for their money.
What does it mean to be financially sound to you? Are you financially savvy and how do you achieve that? Share your thoughts and get educated on financial literacy. Powered by Center for Financial Literacy Education (CFLE Africa) - Making you financially independent!