Financial Foundation Building a Brighter Future.

Here's a comprehensive article on financial literacy for young adults, covering budgeting, saving, investing, credit, debt, and goal setting. 1. Financial Literacy for Young Adults: A Beginner's Guide. As a young adult, managing your finances can seem overwhelming. However, developing good financial habits early on can set you up for long-term success and stability. In this article, we'll explore the essential aspects of financial literacy, providing you with a solid foundation to build upon. 2. Budgeting and Expense Management. Budgeting is the process of tracking your income and expenses to understand where your money is going. To create a realistic budget: - Identify your income sources - Categorize your expenses (housing, food, transportation, entertainment, etc.) - Set financial goals (example., saving for a car or emergency fund) - Assign percentages to each category (following the 50/30/20 rule: 50% for necessities, 30% for discretionary spending, and 20% for saving ...