How would you rate your financial vocabulary? Do you consider yourself financially literate? Are you scratching your head reading these questions? If so, no need to stress. Financial literacy is a concept that’s become more difficult to master in recent years, but it’s more important than ever. With the advent of digital banking technologies, open banking and more entrepreneurs going freelance or starting their own businesses, a good grasp of the financial lexicon has perhaps never been a more valuable skill.Fortunately, with all these challenges come numerous solutions. With SaaS and trusted experts in the fintech sector, the toolkit with which to build your financial vocab has never been more versatile. At Qonto we think banking and finance terminology shouldn’t be a language reserved for bankers and computers. We want to democratise the knowledge making sure everyone has what they need to be in control of their private and business finances. Read through this article to get the lowdown on financial literacy: what it is, why it’s important and how you can use it to improve your business and your life.

Read the full article: https://qonto.com/en/blog/business-management/finances/financial-literacy