Financial literacy plays a crucial role in empowering potential investors. It equips them with the knowledge and skills needed to make informed investment decisions, mitigate risks, protect against fraud, plan for the future, navigate regulatory frameworks, and foster confidence in financial markets. Encouraging and promoting financial literacy is essential for individuals and the overall economic well being of the economy.
Here at Blacktower, we want to help so why not take our quiz and see how ‘financially literate’ you are?
Please note that this quiz is best viewed on a computer.
The term “financial literacy” refers to the possession of skills and knowledge that allows an individual to make informed and effective financial decisions.
People who are financially literate are less likely to be susceptible to fraud/scams.
Being financially literate can help support various life goals, such as saving for education or retirement, using debt responsibly, and running a business.
Key elements of financial literacy include budgeting, retirement planning, how to manage debt, and track personal spending.
Financial literacy can be obtained through reading books, listening to podcasts, subscribing to financial content, or working with a financial professional.
If you want to learn more or speak to one of our specialist advisers, please complete the form below.