Being financially illiterate can lead to financial disaster, as it increases the likelihood of accumulating unsustainable debt burdens due to poor spending decisions or a lack of long-term planning.

The financial educators council says that on average, americans lost an average of $1,500 last year due to financial illiteracy. That could be because of credit card interest and fees, overspending, ...

If you know the difference between a ‘Growth’ vs a ‘Conservative’ fund; or between investing in a fund vs individual shares, you probably pride yourself on being financially savvy. Well done! My next ...