Name: Bertos, Richelle Ann I.
Course and Year: BSEd English 3a
FINANCIAL LITERACY 5
5.1. How can financial literacy help you as student?
As a student, financial literacy can help me manage my
expenses better, understand how to budget effectively, and
avoid unnecessary debt. It also teaches me about the
importance of saving and investing for my future goal.
Overall, it empowers me to make smarter financial decisions
both now and in the future.
5.2
1.1
“Paying yourself first” means prioritizing saving money before
spending it on other expenses. This involves setting aside a
portion on your income for a savings or investments as soon as
you receive it, rather than waiting to save whatever is left over
after paying bills and other expenses. By making saving a priority,
you ensure that you’re building financial security and working
towards your long-term goals before using your income for
discretionary spending.
“Not all money is created equal” means that different forms of
money or income can have varying degrees of value or utility. For
example, money earned through investments or passive income
streams might have more long-term value than money earned
