Financial Literacy Is So Important, Especially Around Tax Time

Pennygem

Learning about personal finance is life changing and it goes beyond learning how to budget. Here’s how to decipher common and important personal finance terms. PennyGem’s Johana Restrepo has more.

Transcript

00:00 learning about personal f

00:06 learning how to budget. H

00:09 common personal finance t

00:12 money talks news. A. P. R

00:15 rate, the annual cost to

00:18 alone. This percentage re

00:21 as well as fees associate

00:24 A. P. Y. Stands for annua

00:27 This percentage shows how

00:30 or the amount you pay to

00:33 difference between a P. Y

00:36 a P. Y. Includes compound

00:40 compound interest as the

00:43 earned from savings or ow

00:46 allocation refers to the

00:49 you own and how much mone

00:52 People often diversify th

00:55 multiple assets to be abl

00:58 and take advantage of the

01:00 Forbes. Your net worth is

01:04 all of your assets and yo

01:06 all of your assets and su

01:09 to get this number.

01:10 [MUSIC PLAYING]

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