Math and Financial Literacy

Of the many branches of math and sciences, nothing beats good old arithmetic. Addition, subtraction, multiplication, division…these are the core literacy in numbers.

It is surprising how we tend to overlook the basics and dismiss it as we take on advanced and modern maths. We take for granted the time we first learned the ones, twos and threes when in reality, these fundamentals are the key for us to excel in a civilization that talks in numbers through finance.

Sooner or later, students will land their first job. They will travel the world, settle down and build their lives. Eventually, they may have their own family, pursue various interests and experience adulthood and everything the world has to off er for as long as they have the means. Math will be there every step of the way especially in terms of money, economics and finance. This is why they need to have a solid foundation and mastery of key concepts.

It is sad to note, that many adults would resort to calculators even for otherwise easy operations. Take for example purchasing a discounted pair of shoes, if only to see if it fits their budget. Even with vague figures, it could have been estimated. What more in buying groceries and fresh produce, where people would overspend, but eventually, result to waste. Then, there are also major purchases from real estate to cars.

Many inefficiencies in our daily life can be actually be solved with the help math. The availability of technology is not a reason to be unskilled in math concepts. Because while these machines and gadgets can do the “solving” for us, it does not analyze, provide options or actually give the “right” answer that we need.

The success of students in life can be easily achieved when they have a good grasp of mathematical concepts. In terms of economics and finance, they can make better choices, plan for contingencies and invest in their future.