@Bushra-Tahir Entrepreneurship develops a growth mindset, while financial literacy builds strong decision-making. Together, they prepare students to be capable, confident, and creative individuals ready to succeed in life.
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Entrepreneurship and financial literacy
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@Bushra-Tahir Financial literacy is the cognitive understanding of financial components and skills such as budgeting, investing, borrowing, taxation, and personal financial management.
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@Bushra-Tahir Financially literate people are generally less vulnerable to financial fraud. A strong foundation in financial literacy can support various life goals, such as saving for education or retirement, using debt responsibly, and running a business effectively.
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@Bushra-Tahir Financial literacy involves concepts like budgeting, building and improving credit, saving, borrowing and repaying debt, and investing. Becoming more financially literate might make financial decisions related to loans, major purchases and investments less daunting.
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@Bushra-Tahir Budget your money. “Pay yourself first” ...
Taxation—it's not all yours. “Understand your true earnings and how they are taxed” ...
Borrowing. “Not all money is created equal” ...
Plan before investing. “Think about and map your goals” ...
Invest to achieve your goals. ...
Preparing your estate. -
@Bushra-Tahir Financial literacy is the cognitive understanding of financial components and skills such as budgeting, investing, borrowing, taxation, and personal financial management. The absence of such skills is referred to as being financially illiterate.
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@Bushra-Tahir Being financially literate allows an individual to be better prepared for specific financial roadblocks, which, in turn, decreases the chances of personal economic distress.
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@Bushra-Tahir Financial literacy consists of several financial components and skills that allow an individual to gain knowledge regarding the effective management of money and debt.
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@Bushra-Tahir Financial literacy can help individuals reach their goals: By better understanding how to budget and save money, individuals can create plans that define expectations, hold them accountable to their finances, and set a course for achieving important financial goals.
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@Bushra-Tahir
Well said, Bushra!
Entrepreneurship and financial literacy are truly game-changers for preparing students to thrive in the real world. Teaching these skills fosters independence, critical thinking, and future-ready mindsets. Hands-on activities like school businesses or startup simulations make learning practical and meaningful. A must-have in 21st-century education!