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Having the knowledge and confidence to manage and invest your money effectively is vital to being financially literate. This includes retirement planning, paying debts, investing in real estate, and more.

Financial literacy varies depending on one’s involvement in the financial world. For instance, while you may have a 401(k), you may not know how to use it to retire. Or maybe you’re considering using a windfall to fund a college fund or pay off your mortgage.

Thinking about personal finances makes many people want to run and hide. However, regardless of where you’re at on your financial journey, there is many things you can do to increase your financial literacy.

Below are a few tips for increasing financial literacy.

Subscribe to Financial Newsletters

If you’re not a subscriber to a financial newsletter, try signing up for one from trusted sources. Athene’s Smart Strategies can help you take control of your finances and improve your lifestyle. This is a customized program that provides actionable advice and expert insight.

Listen to Podcasts

Listening to podcasts is a good way to keep up with the latest financial news. These are great for keeping up with the latest developments in the financial world while you’re running errands or cleaning.

Read Finance Books

There are plenty of books about personal finance that you can pick up if you’re a fan of reading. The best ones from publications such as Insider can help you get started.

Take Advantage of Social Media

Follow financial experts on LinkedIn or Youtube. You can also join a personal finance group on Facebook. Seek out professionals online and begin paying attention to their advice and insights.

Make and Keep a Budget

Getting a handle on your finances is important, as it will allow you to make informed decisions and improve your financial situation. Having a budget can help you keep track of your spending.

Find a Financial Professional

A financial professional can help answer your questions about money, including complex long-term scenarios and day-to-day matters. They can also help you develop a plan for your financial future and track all your expenses.

Maintaining a strong knowledge base, regardless of your financial literacy level is important. Having a good grasp of financial matters can help you make more informed decisions and improve your financial situation.