Here are some more basic FAQs

• How can I improve my financial literacy and make smarter financial decisions?

  You can improve your financial literacy and make smarter financial decisions by educating yourself through reading books, taking online courses, and seeking advice from financial professionals. Additionally, creating and sticking to a budget, building an emergency fund, and avoiding debt can also help you make more informed financial choices.

• What is a credit score, and how is it calculated?

  A credit score is a number that indicates how reliable you are at repaying debts. It's calculated based on your credit history, including factors such as payment history, credit utilization, and length of credit history. The score ranges from 300-850, with a higher score indicating better creditworthiness.

• What is a budget, and how do I create one?

  A budget is a plan for managing your money. To create one, you need to figure out how much money you have coming in and going out, and then decide how much you want to spend on different things like bills, food, and entertainment.

• What is compound interest, and how does it work?

  Compound interest is when you earn interest on both your initial investment and the interest it earns over time. The more time you leave your money invested, the more it grows.

• What is the difference between a debit card and a credit card?

  A debit card lets you spend the money you already have in your account, while a credit card lets you borrow money that you have to pay back later with interest.

• What is bitcoin?

  Bitcoin is a digital currency that operates independently of a central bank. It uses cryptography to secure and verify transactions, and its value fluctuates based on supply and demand in the market.

• What are digital currencies and why do people use them?

  Digital currencies are virtual currencies that are used online and operate independently of banks. People use them for various reasons, including for faster and cheaper transactions, as a store of value, or as a way to make investments.

• What is a stock, and how do I buy one?

  A stock is a share of ownership in a company that can be bought and sold. To buy one online, you need to open a brokerage account, choose the stock you want to purchase, and place an order through the brokerage's online platform.

• What is a mutual fund, and how does it work?

  A mutual fund is an investment tool where people pool their money to invest in a diversified portfolio of stocks, bonds, and other assets. A professional fund manager makes investment decisions on behalf of the investors to generate returns, which are shared among the investors based on their contribution.

• How do I save for an emergency fund?

  To save for an emergency fund, start by setting a savings goal, track your expenses, cut down on non-essential spending, and consider a high-yield savings account.