AssalamuAlaikum & Greetings Everyone!
It's me @amjadsharif From #pakistan
___ ___ Hive Learners, friends, I welcome you to my blog, the topic of which is interesting and new to me: **financial literacy**. We try to understand this. **Income and expenses** are two different things. Income is what you receive in return for your work, and expenses are what you spend on daily necessities. There is a third thing among them, which is called **savings**. If you manage your income and expenses, you can save from it, and this saved money can come in handy in difficult times. If it is not planned completely, you may lose your hard-earned money. For this, it is important to have an **understanding of financial literacy**.  [Source Pixabay](https://pixabay.com/vectors/ai-generated-shop-products-9564865/) When I first started farming in the year 2000, I found out that there are expenses and there is also income by selling these crops and saving from them, but many times I had to suffer losses because there were some decisions that I did not know about which things to invest in and which to avoid. Just saving is not enough; securing your income is the real **financial management**. When I studied these things, it took me three to four years to understand them. Whenever I suffered a loss, it gave me a new **lesson** on how I can protect my money. For this, it is necessary to have understanding. Some decisions should be made with understanding and responsibility instead of emotions, then a person remains in profit. Today is an advanced era; things are bought and sold online, and online loans are also available; we should understand before going for these things that buying everything is not beneficial. If we are educated but do not have financial awareness, then, in my opinion, education is useless. When children are given pocket money or in childhood, they should be explained about financial literacy. This is the age when a child can learn about the awareness of the mother. Here, he should be told that instead of buying useless things, he should first think whether buying this thing can benefit us or not or whether buying it is very important. If this thing is not important for us, then we are using our money unnecessarily and when the time comes to buy something necessary, we will not have the money to buy it.  [Source Pixabay](https://pixabay.com/photos/calculator-calculation-insurance-385506/) If you are financially stable, then you have respect in society; people listen to you and follow your advice. When you are moving from boyhood to youth and your personality is blossoming, then you may need to understand financial awareness because this is the age when you make mistakes. But instead of going towards these mistakes, go towards financial awareness and try to understand it, then your personality can be guided better. For this, this education should be given in both individual and collective forms. Awareness campaigns should be organized in educational institutions as well as seminars and there is a need to highlight financial awareness at the government level. My last words are that if we enlighten our future generation with financial awareness, they can avoid worry and hunger and will not be victims of financial pressure as my situation is going on at the moment. If I had the awareness and understanding of financial awareness, then my situation would be a little better today because, at the moment, I am going through a very difficult financial situation. I also have the burden of debt to remove. It's very difficult for me right now, so from today on, I will try to create a system in which I can manage my income and expenses, pay off my debt through savings, and save it for future difficult situations. | πΈππ π¦π₯ ππ | |--|
Amjad Sharif is an experienced farmer, educated agricultural expert, amateur gardener, and tourist person. He specializes in modern and natural ways of agriculture. He presents his experiences and highlights of rural life in a simple and informative manner on Hive.
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