Financial Literacy

What is Financial Literacy?

Contact

Tara Baker
Financial Literacy Coordinator
P: 480-461-7312
Tara.Baker@mesacc.edu

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The Consumer Finance Protection Bureau (consumerfinance.gov) defines it as “The ability to meet all financial needs, today and over time; feel secure in the financial future; absorb a financial shock; and have the financial freedom to make choices to enjoy life.”

In other words, a person who is financially literate uses skills to track or budget their money, saves money for short-term and long-term goals, and is able to pay off debts and stay debt free. They practice mindful and meaningful spending. Using these skills will lead to a healthy and stress-free relationship with money. And the good news is, these are skills everyone can learn and practice!