Learn more about planning a purchase, dangers of over indebtedness, the tips and tricks of advertising, your consumer rights, and obligations. Learn about vampire expenses. If you often ask yourself “where did all my money go?”, you need to check your finances. A latte a day could add up to a new phone after a year. Check your priorities and rationalize your expenses. If it doesn’t work for your pocket, change it.
Consumption
Self Learning
Reflect on your planned or past purchases:
- Was it a need or a want? Weigh the pros and the cons.
- Did you check alternatives before making the purchase?
- Did you purchase something based on advertising/social media?
- How did the purchase make you feel a week after you made it?
If it was a big-ticket purchase, did you buy it with credit? Or did you save up for it? To borrow, or not to borrow: what is the right choice for you? Learn about the dangers of debt.
Test
What else could you have done with the money?
Great! Why not learn more about the importance of financial literacy?
If you’re not quite ready yet, learn more about the importance of financial literacy or send us your questions.
Get out of Debt
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Introduction
Financial literacy is a tool to acquire knowledge and skills needed to make important financial decisions.