Essays on Financial Literacy

Performing household chores and taking care of children were traditionally the roles of women in the family because men were involved in jobs outside of the household so that they can earn money for the whole family. The distribution of roles between men and women was effective and reasonable in early America because women who became pregnant and gave birth to children were responsible for providing nurture and were unable to leave their children unattended to perform work outside of their homes. Although women are still more involved in performing family work such as household tasks or caretaking for ...

Abstract

Budgeting is an important activity for everyone; individuals, households and companies alike. In simple terms, budgeting is summarizing expected income and expenses for a given period (Peetz and Buehler). Budgeting is an invaluable tool because it helps one to prioritize spending and money management even with the least amount of income. As we do not always have money to spend on everything we want it is important to get used to this practice in order to focus the income on matters that are most important. Why is this important exercise? Planning, forecasting and monitoring of one’s budget can ...

Playing sports like football and basketball has always been and remains to be a popular occupation all over the world. Some people go in for sports to keep in fit or just for fun, while others play sports professionaly and cannot imagine their lives without it. For the last category of people, studying in a college or a university is a great opportunity to show their worth, as many higher educational establishments are extremely concerned with sports and support athletes who are willing to play it for their college or university. However, this support has been discussed recently. In ...

Part A

Financial literacy is influenced by various elements among different races. Select structural reasons cause these inequities that cause economic disparities. Oppression, discrimination and inequality play a critical role in how various races are financially literate. Blacks, Spanish and whites do not have the equal distribution of literacy in finance. The factors are significantly influenced by several social-economic variables in the outcomes (Ciment, 2006). These variables include; education access, income levels, empowerment of individuals and prevailing social-cultural perspectives. These factors are under the structural elements discussed above, and as addressed by community invention project. The community intervention project in this ...

Personal Reflection

The material presented in these lectures will obviously be useful for people, who care about their financial position. Financial literacy may help increase earnings and store savings properly. The ability to handle money and securities will definitely help me in life, since I have an ambitious plan concerning my welfare and I am planning to open my own business in the future. The chapter "Risk and Return" will possibly help me, because I would like to invest money in securities of some developing company specializing in biofuel, IT, or perspective technologies with the purpose of receiving profit at the ...