Eighteen Months Kindle Edition by Leslie Jones McCloud (Author) Format: Kindle Edition

šŸ’° Five Easy Ways to Build Financial Literacy After 35

 

Link to book

By Leslie McCloud — Over 35 and Up

Financial literacy isn’t just for bankers or investors—it’s for all of us. Whether you’re rebuilding after a financial setback, planning for retirement, or teaching your kids about money, it’s never too late to learn how to make your money work for you.


1. Track Where Your Money Goes

Before you can change your money habits, you have to see them clearly. Write down your spending for 30 days or use a budgeting app. You might be surprised how the “small stuff” adds up. Awareness is the first step to control.


2. Make a Simple Budget

Budgets don’t have to be complicated. Try the 50/30/20 method:

  • 50% for needs—bills, food, rent
  • 30% for wants—fun, fashion, travel
  • 20% for savings or paying off debt
    This helps you manage your income without feeling deprived.

3. Build Your Safety Net

An emergency fund equals peace of mind. Aim to save three to six months of living expenses. Start small—$10, $20, or $50 at a time—and make it automatic.


4. Know Your Credit and Debt

Understand how your credit score affects loans, insurance, and even job opportunities. Learn the difference between good debt (like education or home equity) and bad debt (high-interest credit cards). Knowledge prevents costly mistakes.


5. Keep Learning About Money

Financial literacy grows over time. Read one money book a year or listen to a few minutes of a finance podcast each week. Great places to start include The Total Money Makeover by Dave Ramsey or Rich Dad Poor Dad by Robert Kiyosaki.

Remember, financial literacy isn’t about how much you make—it’s about how much you keep and how wisely you use it. Every small, informed choice moves you closer to freedom and peace of mind.



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