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What Does Being Literate Mean

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To me, being financially literate means knowing how to manage my money, through budgets and informed decisions, and being aware of the consequences that come with mismanagement. At the beginning of my senior year, I was looking at colleges with mega-sized price tags and telling myself, “I can just take out student loans, they're not that big of a deal.” I was definitely not financially literate. I had about fifty dollars in my savings account, and I drove my car around with the gas light on until my parents bought me gas. I just assumed my parents would pay for my college and if I did have to take out student loans, they would magically disappear. When my mom told me that I would need to take out student loans, I still did not think of them

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