by Alex Cook
Financial literacy – Where to start
Managing your money is a skill that benefits you throughout your life – and not one that everybody learns. April, officially marked as Financial Literacy month, serves as a reminder of how important it is to understand what is going on in our finances.
So, where to begin?
With so much information at your fingertips, it can become daunting trying to sift through the cacophony and find the information that is relevant to you.
With this in mind, we did a little search to see what resources are available to help take the first steps in being more financially literate.
If you are a die-hard DIY-er, Investopedia is a great resource to have. It covers a vast range of topics all to do with saving and investing. They also have a dictionary that puts all the financial jargon into place and context.
If you are a visual learner, Youtube and Udemy are also great resources. Though Udemy is a paid resource it gives a great course structure that the free Youtube resources can often lack.
DISCLAIMER: Although these resources will give you a strong foundation, most are based on US currencies and examples.
Speak to a wealth manager
Wealth Managers deal with everything finance and money management daily. They are there for you to take advantage of their knowledge. The great thing about working with a wealth manager is that you can up your financial literacy knowledge in context.
Your wealth manager will be able to give you insights into understanding your money based on your lifestyle and your financial situation.
Get a Wealthbit
Wealthbit helps you put your knowledge into practice. When you understand how your money is working, you can make more informed choices about saving and spending and money. You are able to track it and control it and plan for it better. After all, knowledge is just knowledge unless it’s used. As a GCI client, your information is already in the system and is automatically updated every month.
As most of our clients know, your Wealth Manager is also able to work with you, using your Wealthbit to help you plan and view your plan in various scenarios.
Get learning, get on top of your finances and don’t hesitate to ask for help from your Wealth Manager along the way.