Financial literacy is a tool to acquire knowledge and skills needed to make important financial decisions. Our personal goals and dreams are unfortunately not independent of financial matters. The choices we make with the resource we have matter in the short and the long run. 

Reflect on your goals and dreams:

  • What would you like to be able to do?
  • Why haven’t you started?
  • How can you reach your goal?
  • How much money do you need to reach that goal?          

To solve the questions above, remember the PACED method (define problems, alternatives, criteria to evaluate them, evaluate, and make a decision). Think about the benefits of rational decision-making for your personal finance.

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