Financial Literacy Month at Stash

April kicks off Financial LIteracy month, a time to reflect on your knowledge of money basics. 

With skyrocketing prices for food, gas, and housing, money is a top concern for everyone today.  But most people aren’t taught how to manage money, and it’s not part of the educational curriculum in most high schools. And since people don’t learn about finances at a young age, they may struggle to understand fundamentals about managing their money in adulthood. That can have a big impact on how well they manage their money, and how they build wealth for the future. 

For example, do you know how inflation could affect the interest you earn on a savings account? Or do you understand how compounding could affect your investments? Perhaps you’ve heard of an emergency fund, but don’t know exactly what it is, or how much should be in it. If you don’t know the answers to these questions, you’re not alone. 

Check out the stories below for some answers, and to test your knowledge of money. And remember the Stash Way, our philosophy for smart financial behavior and investing for the long haul. Becoming financial literate is an investment in yourself and your future.