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Social and Financial Literacy Reflection

The document discusses the importance of financial literacy in enhancing individuals' understanding of saving, investing, and managing debt, which contributes to overall financial well-being. It emphasizes that early financial education is crucial for youth to establish positive financial behaviors and avoid long-term consequences. The conclusion advocates for increased emphasis on financial literacy by governments and companies to improve economic outcomes.

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Lannie P. Ramos
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53 views1 page

Social and Financial Literacy Reflection

The document discusses the importance of financial literacy in enhancing individuals' understanding of saving, investing, and managing debt, which contributes to overall financial well-being. It emphasizes that early financial education is crucial for youth to establish positive financial behaviors and avoid long-term consequences. The conclusion advocates for increased emphasis on financial literacy by governments and companies to improve economic outcomes.

Uploaded by

Lannie P. Ramos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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SOUTH POINT COLLEGE OF ARTS AND TECHNOLOGY

Social and financial Literacy

Learning financial literacy boosted my confident and knowledge on


understanding the concepts including saving, investing and debt that leads to an overall
sense of financial well-being and self-trust. Financial literacy is the foundation of your
relationship with money, and it is a lifelong journey of learning. The earlier you start, the
better off you will be, because education is the key to success when it comes to money.

These outcomes reduce well-being by making it more difficult for individuals to


meet their basic material and security needs. Because a primary purpose of social work
is to "enhance human well- being and help meet the basic human needs of all
people"（NASW、2000、p.1）、it is appropriate for social workers to be concerned
about financial outcomes. Youths 'financial knowledge and behavior are important
because early behaviors create a foundation for future financial behavior and well-being
(American Savings Education Council （ ASEC ） 、 n.d.; Martin ＆ Oliva 、 2001;
O'Neill、1992）and because youths can make financial mistakes especially with credit
that have long-term consequences。

In Conclusion financial literacy helps consumers to save and invest in the right
plans. Thus, it avoids debt, bankruptcy and getting broke. Although understanding
finance is not easy, once done, it can ease life’s burdens tremendously. Thus, financial
literacy needs to be emphasized by the government and companies for a better
economy.

Reports:
The several types of social skills
Subjective standard of morality
Social literacy concern
Issue in teaching social literacy

Reference:

Improving the Financial Literacy and Practices of Youths


Beverly, Sondra G; Burkhalter, Emily K. Children & Schools; Oxford Vol. 27
https://www.proquest.com/openview/fa57592a0387fc0e26f83eaab5dedd52/1?
cbl=26011&loginDisplay=true&pq-origsite=gscholar

Submitted by: June Mark L. Aquino


Submitted to: Jelaine C. Balatayo

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