Excel2

Through the UTM Financial Literacy course, I learned that financial literacy refers to the knowledge, skills and attitudes that an individual or organization possesses in the financial field. It covers an understanding of financial concepts, instruments, and markets, as well as the ability to make rational financial decisions. Having good financial literacy is crucial for individuals and businesses, and financial literacy can help individuals better manage their personal finances. With financial literacy, people can make sound budget plans, plan savings and investment goals, and understand how to effectively use financial tools to increase wealth. Second, financial literacy helps individuals and businesses better cope with risk and uncertainty. Understanding financial markets and investment products can help people make informed investment decisions, reduce investment risk, and protect the financial interests of individuals and businesses. Financial literacy is an indispensable quality in modern society. By improving financial literacy, individuals and businesses are better able to manage their finances, manage risks, achieve financial goals, and contribute to the sustainable development of individuals and society.

Financial literacy is a vital skill in modern society, however, when faced with personal financial decisions, I realized that my financial literacy needs to be improved. I reflected on my shortcomings in financial knowledge. I found myself with limited knowledge of financial concepts, tools, and markets, which led to a lack of confidence and accuracy in investing and managing my money. I realize that I need to constantly learn and update my financial knowledge in order to make better informed financial decisions.
Second, I found myself lacking in risk management. I am often attracted by short-term benefits and ignore the existence of risks. I have learned that in the financial field, risk management is an integral part, which requires adequate research and evaluation before investment to reduce potential losses.
Through these reflections, I realized that financial literacy is not only about acquiring knowledge and skills, but also a continuous process of learning and development. I will strive to improve my financial literacy, continue to learn and practice, in order to better manage personal finances, cope with risks, and maintain good ethics and professional conduct in financial activities.