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Our Mission
Knowledge equals Power is a leading provider of independent financial wellness and wellbeing, optimizing our clients’ personal financial position. We strive to empower entrepreneurship and economic independence by providing financial knowledge and information they need to understand about how the system works so they can effectively navigate through life.
Our mission is to provide industry-leading financial support and superior customer service at an affordable price to help consumers restore their finances with which they can achieve their goals and move toward the best possible future.
Social Vision of Knowledge Equals Power
Knowledge equals Power is creating a world where people make informed, qualified financial decisions and confidently take effective financial action that best helps them meet their basic human needs while moving toward fulfilling their personal, family, and global community goals.
Social Vision of Knowledge Equals Power
Knowledge equals Power is creating a world where people make informed, qualified financial decisions and confidently take effective financial action that best helps them meet their basic human needs while moving toward fulfilling their personal, family, and global community goals.
How to Manage Your Money?
Handling your finances the right way should be a priority and it should drive your daily spending and saving decisions. Personal finance experts advise taking the time to learn the basics, from how to manage a checking or debit account to how to pay your bills on time and build from there.
Managing your money demands constant attention to your spending and to your accounts and not living beyond your financial means.
What Is An Example of Financial Literacy?
One example of financial literacy is the management of day-to-day expenses. Consider a person who has an income of $3,000 each month. If they managed their expenses properly, they would keep their expenses at no higher than $3,000 to avoid going into debt.
The key steps to improve financial literacy include:
- Learning the skills to create a budget
- Ability to track expenses
- Learning the strategies to pay off debt
- Planning for retirement effectively
Why Financial Literacy?
Financial literacy makes individuals become self-sufficient, allowing them to achieve financial stability. Any improvement in financial literacy will have a profound impact on people and their ability to provide for their future.
Lack of financial literacy affects people in developed or advanced economies, as well as those who live in economically emerging or developing economies. It can make it hard to make major financial decisions like opening the right kinds of bank accounts, planning for retirement, and paying off personal debts from student loans or credit cards.
Financial literacy is important not only because financial literacy provides a foundation for informed financial decisions, but because financial responsibility is increasing.
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