Financial Literacy Essay Example | Topics and Well Written Essays - 500 words

monetary Literacy - Essay ExampleThis essay will explore several articles on the topics of career and jobs, and saving.After nigh time on a job, one may get a better offer from another(prenominal) firm or decide it is time to move on. During such a time, it is important for one to recognise that when changing jobs will have pecuniary implications and that there are factors a person has to take into account.An singular should put in place plans that will ensure that his financial health is stable in the blockage between transitions of jobs (Farr, 2002). One could, for example, have insurance policies that will ensure he gets certain benefits. Having reserve gold will also be ideal to be able to sustain oneself witin the short-term period (Certified monetary Planners Board of Standards, 2005).One should always prepare for retirement as early as possible. This calls for the need to render enough for the future, to ensure that there are enough resources to sustain one throughout the period after(prenominal) retirement. In addition, job security is never guaranteed, thus, a person should always have a fortuity plan in case one loses her or his job. This information will help me to secure my financial future as early as possible and prepare for unplanned circumstances (Claman, 2001).During the beginning and item of ones career, an individual may earn more than he will need for speedy consumption hence, he will need to save for future times when he may not be able to have a constant income or his needs exceeds the current income. scrimping brush off also be a way of creating more wealth and having another extra source of income.Saving can also be viewed from another perspective, which is in terms of the money one spends on a commodity or service. Different services and products have a range of prices depending on the quality, amount and emblem among other factors. Based on this, one should evaluate the product that he is buying and analyse whether he c an get the same at a lower price.