Financial literacy is the knowledge and the skill set required to manage personal finances effectively. It includes the ability to understand and assess financial information and effectively manage personal finances. A financially literate individual is capable of creating and maintaining a specific financial budget, saving money, investing, managing debt, and understanding about different financial products such as loans, credit cards, and mortgages. Financial literacy encompasses the knowledge of financial concepts such as interest rates, inflation, and risk management as well.
Having financial literacy enables you to make informed decisions about personal finances, planning for the future, and avoiding financial mistakes that can lead to financial hardship or instability. It is an essential life skill which is a true lifesaver as it helps individuals achieve their financial goals and improve their overall financial well-being.
Apparently, proper financial knowledge is the need of the hour and hence it is really important to choose just the right platform for the cause. There are a variety of platforms available online as well as offline that are committed to providing proper financial education to their clients and make them financially literate, upsurge is one such well known platform in the industry that has been around for quite some time.
Benefits of using a financial education platform
Platforms that offer financial knowledge can benefit individuals in some of the following ways:
- Helps improve financial literacy: Financial knowledge platforms provide an individual with access to educational resources, such as articles, videos, and webinars, that are aimed at helping improve their financial literacy.
- Offers a range of personalised advices: These platforms offer personalised advice based on a targeted assessment of an individual’s financial situation, goals, and risk tolerance. This in turn helps an individual make more informed decisions about their personal finances.
- Help encourage financial planning: These platforms benefit individuals in a wide range of ways, one such way is by helping individuals create and implement a financial plan that is favourable and is in accordance with their specific needs and goals. This further helps an individual achieve their financial objectives more effectively and further improve their overall financial well-being.
- Help save time and money in a more effective manner: Such platforms can help individuals save their valuable time and money by providing them all the necessary information about financial products and services, such as credit cards, loans, investment accounts and other financial tools.
Overall, financial knowledge platforms can be a valuable resource for individuals looking forward to improving their financial literacy, making informed financial decisions, and achieving their financial goals.
As mentioned earlier Upsurge is one of the financial education platforms and the financial literacy course that they offer is a complete package filled with every bit of financial knowledge an individual would need for their life. Upsurge was established back in 2018 by a group of financial experts which is all the reason behind why Upsurge is the only platform you need to become financially educated.