Financial Literacy

Financially literate individuals use financial knowledge to make better financial decisions. From everyday spending to long-term financial planning, effective money management means using money to further your personal goals – no matter what they are.

What is Financial Literacy?

Earning, Saving & Investing, Spending, Borrowing, and Protecting are the five principles of financial literacy. As you make financial decisions each day, you use one or more of the five building blocks for managing and growing your money.

Financial literacy is achieved through financial education; hence, by understanding these principles, students gain the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial wellbeing. The Schoolcraft College Financial Literacy program is here to assist you in achieving your financial goals.