BRAND NEW VS. ESTABLISHED PROPERTIES - WHICH IS BETTER?

Financial literacy is more than just budgeting; it's about making smart money choices! 

In simple words, it means to have the knowledge of how to make smart decisions with money.  

Mandy Meng, co-founder of SONI Wealth, strongly believes, true financial smarts go beyond balancing expenses. It's about juggling multiple goals like a pro: saving, paying high-interest debt, building an emergency fund, and investing to secure your future. 

FINANCIAL LITERACY: The ability to understand and use various financial skills. in short, it means understanding the topic of money 

• mastering budgeting 

• saving smartly 

• negotiating loans wisely 

• understanding credit impacts 

• navigating retirement options 

FINANCIAL LITERACY IN ACTION CAN LOOK LIKE:

• Increasing your retirement savings rate every time you get a raise 

• Maintaining three to six months' worth of expenses in an emergency fund, and replenishing it after you've withdrawn money from the account 

• Comparing promotional periods on balance transfer credit cards so you have an extended time to pay off debt 

• Checking your credit report regularly 

HOW TO BECOME FINANCIALLY LITERATE

• Explore Free Resources: Banks, credit unions, and credit card issuers often offer free tools to track spending patterns, providing a starting point for financial awareness. 

• Credit Counselling: Seek expert help from certified counsellors for budgeting and debt payoff techniques. They can guide you on the path to financial literacy.