Understanding the Need for Financial Literacy Today and Tomorrow

Main Article Categories

"Finance" Article
Article Directory Home

Understanding the Need for Financial Literacy Today and Tomorrow By Expert Author: Donald Renal
View Summary \| Submitted: 2008-06-20 \| Word Count: 339 words \| Views: 105 view(s)

“Predatory lending practices”. Its just one new catch phrase that has been born out of the latest financial crisis to hit the U.S. What does it mean and are lenders truly predators? The sad truth is that far too many people have positioned themselves to be victims of financial predators by virtue of the fact that they just lack the knowledge to understand what is going on around them when credit is being granted and a loans is being made.

Changing Financial Systems

They are in essence “financially illiterate and it is going to only get worse as countries and economies across the globe move away from cash economies and more towards credit or e-money economies. The need for financial literacy is now more necessary then it has ever been before and yet people are still falling behind.

Confusing Credit Applications and Contracts

Sure, colleges offer business and accounting courses but how many people actually take them when they are in college? The answer to that question is very few. So if high schools don't teach financial literacy and the only opportunity beyond that to acquire it is advanced college courses, where does that leave the common person that just wants to be able to understand a credit card application, so they don't get ripped off?

The Current Economical Slump Will End

The best place as it stands at the present time is by learning at home using study material that can be procured online. Financial literacy is going to be more important then ever when the U.S. economy emerges from its current slump in in just a few short years. This is due to the fact that lenders and credit institutions are going to be playing by far more stringent rules.

Will You Take Advantage - or Be Taken Advantage?

New government instituted regulations, as well as their own stipulations the will be instituted are going to leave the deck stacked against he consumer in the game of finance. That is unless you have taken the time and effort to increase you financial literacy.

About the Author/Author Bio

Written by Donald Renal. Find the latest information on Financial Literacy as well as a Financial Education Video For Teens

Article Source: http://www.articlesphere.com/Article/Understanding-the-Need-for-Financial-Literacy-Today-and-Tomorrow/148627

Article Tags: investing, predatory lending practices, financially illiterate

This article has been viewed 105 time(s).

More "Finance" Related Articles

Listed below are more articles related to the above article from the "Finance" article category.

People interested in the above article "Understanding the Need for Financial Literacy Today and Tomorrow" are also interested in the related articles listed below:

False Claims On Government Grants

Expert Author: Melissa Kellett | Submitted: 2008-08-11 | Word Count: 567 | Views: 10

There are many sites out there making incredible claims about how they can get thousands of dollars for you for free by getting for you government grants. You need to be well aware that most of these claims as false. Though there are sites offering legit advice on how to apply and get approved for government grants, there are others that claim to offer approval themselves that are nothing but scams.

Very Bad Credit Loans: Feasible Finances Despite Credit Problems

Expert Author: Tom Dikkin | Submitted: 2008-08-07 | Word Count: 383 | Views: 59

You are tagged as a bad credit borrower when you fail to repay the loans within the stipulated time period. But that does not mean you do not have any chance of deriving financial assistance. As a matter of fact, the financial market is full of lenders offering very bad credit loans to bad credit borrowers like you. Very bad credit loans are meant for those individuals who are suffering a lot due to their bad credit score. As per the need and requirement, these loans can be availed in secured and unsecured form. with these loans, the borrowers can now retain their financial freedom.

Bad Credit Education Loans: Make Education Possible

Expert Author: Henry Bell | Submitted: 2008-08-07 | Word Count: 356 | Views: 75

Bad credit dictates all the doings of your past. It means you had trouble in the past paying your bills on time, the victim of identity theft, or most likely, you might not have paid all your bills promptly. Today, bad credit education loans allow you to borrow money for your education. Typically, these education loans have a bit different application forms to make it easier for even those with an imperfect credit history to get the best education possible. You can find these loans from private lenders and from other sources.

Brits Shown To have Cost worries Over Rising Energy Expenses

Expert Author: Mark Dawson | Submitted: 2008-08-06 | Word Count: 570 | Views: 7

With the cost of fuel increasing several times over the last twelve months, significant numbers of Britons are worried that the pressures that their finances are under are also increasing. In a study by moneysupermarket, it was shown that the cost of petrol has exceeded the one pound and ten pence per litre barrier. However, the price of oil was shown as hitting record levels as electricity and gas costs have gone up by 15 per cent since the start of 2008.

Collecting on Overdue Accounts

Expert Author: Kiran Solanki | Submitted: 2008-08-06 | Word Count: 430 | Views: 91

"If it were only that simple," you say. If you limited yourself to doing business with companies with a spotless credit record, your pool of potential customers would be quite small. And unfortunately, as a growing business, you often have no choice but to do business with anyone who wants to do business with you. Even then, you don’t always have complete control of the terms of your sales agreements. The reality is that your biggest and best clients want to be billed quarterly and then have 60 days to pay you. And you certainly don’t want to cut off those clients.

Collecting Debts While Obeying the Law

Expert Author: Kiran Solanki | Submitted: 2008-07-26 | Word Count: 327 | Views: 43

Your first line of defense against past-due accounts is a vigorous credit check. Your second line of defense against late payment is a clear-cut and rigorous collection policy. If that fails to solve the problem, there are professional bill collectors you can hire to take over the process. Be aware, however, that federal and state laws govern the steps that third-party collectors can take.

Mind over Money

Expert Author: Chad Sunyich | Submitted: 2008-07-23 | Word Count: 361 | Views: 11

Success in America means different things to different people but generally comes down to achieving our desires, or how much control we have over the important things in our life, whether it is acquiring real estate, spending time with family or the freedom to pursue your dreams. To quote a very successful author, "There is no desire that anyone holds for any other reason than that they believe they will feel better in the achievement of it. Whether it is a material object, a physical state of being, a relationship, a condition, or a circumstance—at the heart of every desire is the desire to feel good."

Print Article

Comment on Article

Favorite Article

Email to Friend

Republish Article

Article Directory Home

Finance

Can't find what you're looking for? Try Google Search!

(Search in 23 languages: English, Spanish, Japanese, Arabic, Italian, German,
Chinese Simplified, Chinese Traditional, Dutch, Korean, Portuguese, Russian, Greek,
Swedish, Romanian, Polish, Norwegian, Finnish, Danish, Czech, Croatian, Bulgarian)

(We serve worldwide - Locations updated as at Friday, 22 August 2008 11:46 am , Singapore)

United States of America, USA . United Kingdom, UK (England, Scotland, Wales, Northern Ireland) . Canada . Afghanistan . Albania . Algeria . American Samoa . Andorra . Angola . Anguilla . Antarctica . Antigua & Barbuda . Argentina . Armenia . Aruba . Australia . Austria . Azerbaijan . Bahamas . Bahrain . Bangladesh . Barbados . Belarus . Belgium . Belize . Benin . Bermuda . Bhutan . Bolivia . Bonaire . Bosnia-Herzegovina . Botswana . Brazil . British Virgin Islands . Brunei Darrusalam . Bulgaria . Burkina Faso . Burundi . Cambodia . Cameroon . Cape Verde . Cayman Islands . Central African Republic . Chad . Channel Islands . Chile . China . Christmas Island . Colombia . Comoros . Congo . Congo (Dem. Rep.) . Cook Islands . Costa Rica . Côte d'Ivoire . Croatia . Cuba . Curacao . Cyprus . Czech Republic . Denmark . Djibouti . Dominica . Dominican Republic . East Timor . Ecuador . Egypt . El Salvador . Equatorial Guinea . Eritrea . Estonia . Ethiopia . Falkland Islands and Dependencies . Faroe Islands . Fiji . Finland . France . French Guiana . French Polynesia . Gabon . Gambia . Gaza . Georgia . Germany . Ghana . Gibraltar . Greece . Greenland . Grenada . Guadeloupe . Guam . Guatemala . Guinea . Guinea-Bissau . Guyana . Haiti . Hawaiian Islands . Honduras . Hong Kong . Hungary . Iceland . India . Indonesia . Iran . Iraq . Isle Of Man . Israel . Italy . Ivory Coast . Jamaica . Japan . Johnston Atoll . Jordan . Kazakhstan . Kenya . Kiribati . Korea (North) . Korea (South) . Kuwait . Kyrgyzstan . Laos . Latvia . Lebanon . Leeward Islands . Lesotho . Liberia . Libya . Liechtenstein . Lithuania . Luxembourg . Macau . Macedonia . Madagascar . Malawi . Malaysia . Maldives . Mali . Malta . Marshall Islands . Martinique . Mauritania . Mauritius . Mexico . Micronesia (Federated States) . Midway Islands . Moldova . Monaco . Mongolia . Montserrat . Morocco . Mosquito Coast . Mozambique . Myanmar (Burma) . Namibia . Nauru . Navassa Island . Nepal . Netherlands . Netherlands Antilles . New Caledonia . New Zealand . Nicaragua . Niger . Nigeria . Niue . Norfolk Island . Northern Mariana Islands . Norway . Oman . Pakistan . Palau . Palestine . Panama . Papua New Guinea . Paracel Islands . Paraguay . Peru . Philippines . Pitcairn Islands . Poland . Portugal . Puerto Rico . Qatar . Reunion . Romania . Russia . Rwanda . Ryukyu Islands . Saint Helena . Saint Kitts and Nevis . Saint Lucia . Saint Pierre & Miquelon . Saint Vincent & The Grenadines . Samoa . San Marino . São Tom?& Príncipe . Saudi Arabia . Senegal . Serbia . Seychelles . Sierra Leone . Singapore . Slovakia . Slovenia . Solomon Islands . Somalia . South Africa . Spain . Sri Lanka . Sudan . Suriname . Swaziland . Sweden . Switzerland . Syria . Taiwan . Tajikistan . Tanzania . Thailand . Togo . Tonga . Transkei . Trinidad & Tobago . Tunisia . Turkey . Turkmenistan . Turks and Caicos Islands . Tuvalu . US Virgin Islands . Uganda . Ukraine . United Arab Emirates . Upper Volta . Uruguay . Uzbekistan . Vanuatu . Vatican City (Holy See) . Venezuela . Vietnam . Wake Island . Windward Islands . Yemen . Yugoslavia . Zaire . Zambia . Zimbabwe

Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.

Template Design by Internet Marketing Singapore | Internet Marketing