#5 About Money
āFinancial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others.ā
Honestly, as a sixteen-year-old student, I donāt really care about money. All I know is that my parents give me money when I need it. It sounds very boastful, and Iām not proud of that. I realized that I am now getting older and I should know how to manage my money. As I learned about financial literacy, I started to understand the importance to manage my money on the right way. I realized that I have to start thinking about what I want to do with my money. I canāt always rely on my parents. Once I have a real job, I have to manage my money.
The first thing that popped out of my head was that I (unconsciously), have been using the concepts of financial literacy. My parents give me a financial budget every week. Having a budget requires me to set my priorities. Even though I canāt really feel that I am managing money, but I think that is a small step to ecstatically manage and make decisions about my money.
I am a spender, the undisciplined one. I think saving is financial literacy concept that evades the undisciplined spender. I admit that I had to force myself at the beginning. Saving is not really my thing. I tried to save my money several times, and I found out, as I am getting older, it becomes easier to save my money. All I need is self-control. Well, and a bank account. When I did my research, I read that saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind. It is true, and I can prove it myself. I can see myself spending money wiser than before. Since I am an underage student, the best thing about saving my money is that if my parents donāt want to buy something for me, I can purchase it myself.
Although I am taking baby steps in applying the concepts of financial literacy, I can feel that Iāve changed my mindset about money. I begin to understand the value of money. Iām starting to ask myself what will make me happy and what can money do for me. I believe that learning financial literacy is going to be useful for the future. It is a big step to prepare my future. We all know that life has its ups and downs, so I think it is important to have enough money in every situation. I know that happiness is not always about money, but sometimes money can buy happiness.













