The first step into being financially literate is developing a spending plan or budget. The next steps are managing credit and building savings. A lack of knowledge in this area is not only an immediate distraction, but it is a major cause of stress in the workplace and thwarts retirement efforts.

Credit has been incredibly easy to get, and people take advantage of all the nice things that it can provide. However, without proper management of their credit, employees pile up mountains of debt that can leave them well past their means of being able to pay and can produce financial ruin.

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