Tag: financial literacy

debt

How to manage “good debt” and “bad debt”

Almost half of Romanians are in debt, while 39% say that they don’t pay their debt on time, and 29% never create a budget. These figures, based on the most recent national studies, reflect Romanians’ values and financial literacy, but they can also represent the starting point of a conversation about "good debt" and "bad debt."

Be the master of your money

Money is essential in our Western world. It allows us to purchase the necessities of life—food and shelter, for instance. It pays the bills for heating and cooling. There may even be enough for some luxuries.
family budget

The family budget | A financial instrument and an act of elementary husbandry

From government officials to leaders of large corporations and from heads of public institutions to small private entrepreneurs, using the revenue and expenditure budget has become a common practice. The question we will try to answer in this article is whether and in what way this financial instrument finds its utility in the family space as well. How do you build a family budget?
money

To whom, how much, and how do we lend money? | Biblical coordinates

In order to obtain money, along with the facilities offered by specialised institutions (banks, credit unions, mutual assistance services), many people resort to a series of ad-hoc financial relations, known as “personal loans”.
financial literacy

Financial literacy is in the spirit of the Bible

Are you financially literate? If your financial management strategy is one of the following four, then the answer is probably no.