Often we do not use what we have learned. Why? The reasons are different, ranging from banal laziness and ending with the psychological aspects that force us to do what we are used to.
The same goes for financial literacy. When we give the definition of financial literacy or list the basic qualities of a financially literate person (keeps records of income and expenses, generates savings, is familiar with the world of financial information and knows where to find the right, invests, has a financial safety cushion, makes a rational choice of financial services and knows how his rights as a consumer of financial services are protected), then we do not focus on the fact that a person, knowing perfectly all this “theory”, does not apply it in practice.
Reasonable financial behavior just focused on the application of the basic principles of financial literacy in life. Usually, this is a person who realized that it really works and is able to give more. On the other hand, most people do not keep records of their income expenses, because “it is boring.” It does not form savings, because “we live once and there is not enough money anyway.” Takes unnecessary loans, as “I want it right now.” It does not invest due to the fact that “there is no large amount of money.” It falls on the financial scam, because it can not adequately assess the fake from the best deals. Does not have a financial safety cushion because “we have nothing to do with it.” And so on. But he begins to think about reasonable financial behavior only when a crisis in personal finances has come (or is coming).
Reasonable financial behavior is not only about financial literacy. Often it works, because a person wants to be rational, and past mistakes have shown how not to do it.
Friends, learn , but be sure to try everything in practice, develop skills and let them be useful for you to increase the level and quality of life!