Financial literacy isn’t just about budgeting — it’s about understanding how money actually works in your life. And for many people, small gaps in financial knowledge can add up to big losses over time.
From avoiding hidden fees to making smarter investment decisions, these seven secrets could help you keep thousands of dollars in your pocket — and give you more control over your future.
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1. Compound interest is your best (or worst) financial force
If you’re saving and investing, compound interest works for you. If you’re carrying debt, it works against you. Understanding how interest compounds daily, monthly, or annually can mean the difference between retiring comfortably or scrambling later.
Takeaway: Start investing early — even small amounts — and avoid long-term interest-heavy debt like revolving credit cards.
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2. Credit scores affect more than loans
