- ORIGINAL NEWS
7 in 10 U.S. adults surveyed are stressed about money, CNBC finds. Here’s how you can feel financially secure
- SUMMARY
Navigating personal finances can be daunting, but understanding money matters can significantly enhance your financial security.
Financial security encompasses various aspects, including having no outstanding debts, accumulating savings, and owning a home.
Despite external economic stresses like inflation, focusing on financial literacy can positively impact your outlook.
Studies have shown that individuals with higher financial literacy are less likely to struggle financially, have emergency savings, and can handle unexpected expenses.
To increase your financial knowledge, consider these steps: * **Engage in Money Conversations:** Discussing finances with loved ones can alleviate the burden of isolation and provide support.
* **Seek Professional Guidance:** Don’t hesitate to consult with financial advisors or counselors to expand your knowledge and receive tailored guidance.
* **Create a Financial Plan:** Outline specific actions to achieve your financial goals, such as debt repayment strategies.
This plan will provide direction and motivation on your journey towards financial security.
Understanding that financial security is subjective and achievable for anyone can also contribute to a sense of peace of mind.
Remember that financial literacy is a valuable tool that can empower you to weather economic storms and navigate the complexities of your financial future.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“Financial education is like being able to swim.”
“It’s a good skill and it becomes of particular importance when you end up in a storm.”
“Studies show that learning more about money can improve your financial situation.”
“There’s a confidence that comes with knowing.”
Negative
“Inflation is rising”
“The economy is unstable”
“Interest rates are very high”