Financial intelligence

The term ** financial intelligence ** seem like the title of a new science fiction triller featuring complex terrorism crimes than play a hand in our government framework, however, it is just a term used to depict financial cleverness which is exemplified in your ability to make informed and sound financial judgments, it may seem foreign to those who have dabbled there personal time into daily occurrence and it something that many dare not to learn. But, why not? Or do you not realize that every decision you make at any given time has cost implications attached to it, including the time you spend,the well-being of your current financial status and future,financially,depends heavily on your financial intelligence and the opportunity costs that you forgone image source

                      **FINANCIAL LITERACY**

Financial literacy is the ability to understand finance or "money",more specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions through the understanding of finance, It also refers to the ability to understand how the stock market, bonds,and other investment vehicle work, or even more simply put;how money work in general.
Having some form of financial knowledge will help you make informed decisions and understand the financial products that are essential to you financial well-being, financial product that you utilize through out your life include bank account, mortgages retirement savings plan, pension, and basic investments like stock, bonds, mutual funds etc. Without this basic knowledge you will be behind the curve on basic financial like compounding interest, investment, return, risk, diversifications,timevalueof money and so on.image source

                    **DECISION MAKING**
 Ever day, we make financial choices,ranging from whether or not  should cook something at home or go out and spend money on a meal,this is a minor  decision,but still an important  one. Many meal on the go can really add up in the long term when you think  about  the taxes and tips that are included  with the cost getting an education, acquiring expensive gadgets,starting a new job, buying a house, starting a family, and planning for retirement are major financial decisions that proactive thinking to prevent devastating debt, overload or even worse, bankruptcy.

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  As a student,how do you spend? Do you prioritize your spending? How about  saving  plan? You are on different scholarships,but you are still broke and the worst is when you can't  even figure  out exactly  what  you did with the money, so you still pester your guardians  for monthly  stipends and wait till the next scholarship is paid for you to squander without any plans for the future. 
 Financial  illiteracy is a global mirrage, affecting even the most developed of nations, for instance, in America, personal savings is at a four year low with 29percent of Americans having a savings of less than $1000 and 56percent of Americans having  less than $25000 according  to guardian life, a financial  services  company, in Nigeria, the situation  is even more staggering  as a very huge chunk  of the population do not understand, nor are willing to understand, the basic concept  of savings and investments, most people, students and non students alike, spend everything  they get, with no plans for the future,but with financial literacy money saved and invested is insurance.

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                      **OWN YOUR FUTURE**   

You must realize that no one is able to put forth effort into managing your personal financial decision making, having financial intelligence allows you to respond competently to everyday financial changes in our general economy like increased unemployment, increased tuition costs, decreased state - funding programs,the threats of inflation, changes in interest rates,and depressing housing market.

Take charge of your money;protect,invest,save,grow and succeed. Nigeria needs to become more financially intelligent and it begins with you.