Competency in managing money appears to be a skill that doesn’t come naturally to everyone.

Unless a person is exposed to the practice of money management, he/she is less likely to understand how it works and its long-term benefits.

It is easy to develop poor spending and financial
habits resulting in significant negative consequences such as a poor credit rating, denial of credit, rejection for a checking account and bankruptcy, to name a few. Early financial literacy is the best way to prevent such consequences.