When I see an issue or a challenge such as this my mind begins to swarm with questions. What is financial literacy? What do we mean by empowerment?
Am I financially literate or empowered?
Gosh, my wife and I work to bring in income, but we still spend too much, eat out too often and are in too much debt. I am embarrassed to say, don't have a great retirement, I don't invest, and our money future is foggy.
I know the basics to budgeting and I don't fear money, but I don't necessarily feel empowered by it. My thoughts and beliefs around money seem blurry and unclear.
At the same time I have some books on the shelf about personal finance, I have owned a small business and I know there are plenty of resources out there.
I feel like maybe I need a solid philosophy about money.
So no, I don't think I am financially literate or necessarily empowered.
Are you financially literate and empowered? What do financial literacy and empowerment mean to you?