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How to Improve Your Financial Awareness in 2019

Would you say you are financially aware? If not, then not to worry as a large majority of the population agrees that they are not up to scratch when it comes to finance, and would like to be more knowledgeable on the subject as well as better with their own finances.

Perhaps you would even like to educate yourself on investment opportunities, market trends and how the economy works?

In this article, we are looking at the topic of financial awareness, and how you can improve your own financial awareness in 2019.

Use The Internet

Nowadays, we are a lot luckier to have such a vast amount of information immediately made available to us via the internet. In the past, you would almost always have to hire a financial advisor or go seek advice at your local bank. Nowadays we can think of a topic and search it up at the same time.

Doing some research online will definitely help you to become more financially aware. However, if you really want to understand a topic in extreme detail, then the next option might be more suited to you.

Take an Online Course

When it comes to learning a brand new topic in more detail or to get better at it, this usually involves taking a learning course in order to train ourselves and better understand what it’s all about. Online courses in finance could possibly be a good solution for you, and really help you to improve your knowledge overall.

These online courses are extremely flexible and allow you to study at your own pace, so there would be less stress and more motivation to continue studying when you please.

Read Newspapers and Books

Reading is another way to increase our financial awareness, especially when reading the financial section of your local newspaper. Business newspapers such as the Financial Times or the Wall Street Journal can also be very helpful. These provide insight into the world of finance and business and will start to give you a better idea of what’s involved.

Similarly, books can also help to improve your financial awareness. With such a wide variety of investment guides and books on how to achieve financial freedom, there is no excuse!

Purchase Financial Tools

If you aren’t already aware, there are a number of financial tools out there which can help you with your finances. This includes a financial calculator, which performs functions such as calculating loan repayments, percentages, interest rates, and cash flow. These can also help with mortgages, leases and savings.

If you learn how to carry out such calculations, then you will remove the need for a financial advisor, and be able to trust in your own calculations. By dedicating the time to learn how to carry out certain calculations, you will certainly save yourself money by no longer needing a financial advisor for little things.

Final Words

Becoming smarter about your money doesn’t need to be complicated or difficult, and you can simply start by dedicating 5 minutes a day to educate yourself on simple money habits, that will really help you in terms of your future and financial literacy.

Claire Preece

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