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Friday, October 14, 2022

Easy Way to Brush Up on Your Financial Literacy - plus Bonus recommendation on Bonds

If you or someone you love needs a refresher in the basics of financial literacy, the National Financial Educator's Council (NFEC) has very inexpensive, yet comprehensive educational programs led by certified instructors.  

Many of us get our basic financial education from a variety of sources, not all of them objective.  

Financial planners or product salespeople are often knowledgeable go-tos for answers, but how do you know whether or not there is a conflict of interest? 

That's where basic financial literacy comes in. The NFEC has several programs to choose from which is why I chose it for my own certification. 

Some examples below:

- Budgeting
- Improving Credit
- Higher Education Decisions
- Getting Out of Debt 
- How Taxes Affect You
- Buying a Car
- Is it time to Buy a Home? 
- Getting Prepped for Retirement 

Those certified in financial instruction offer group classes or one-on-one sessions that are very low in cost. No product sales pitches are involved.  And the courses can be tailored to the group or individual's needs.

The NFEC spearheads the financial wellness movement around the world through advocacy and raising awareness. They are focused on promoting financial wellness through promoting the adopting of financial literacy programming into schools, encouraging individuals to work toward greater financial strength, getting families involved in teaching kids about money, and sharing research with the industry to empower broader advocacy. More information about the NFEC is here

Bonus recommendation - I've just finished listening to this quick Step by Step Overview on bonds.  Easy and quick overview of how to buy them, what to buy and how bonds work.   I'm using it to help me ladder my way into some safety and good returns.  The book was less than $10.  If you've already read this book, I would love to hear what you think. 

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