By now you probably are starting to understand the power of financial literacy. Becoming financially literate involves five clear steps. Financial Literacy Beacon Financial Education The best time to learn about money finances and investing is when you are young and before you have become entrenched in your habits. How to become financial literate . It is import to keep room in your budget for enjoyment and not cut back so drastically that you cannot sick to it or it becomes something you dread to even do. Heres how to build your library of financial knowledge. Being financially literate can also help one to save money for education starting a business or even to plan ones retirement. Actually those are all great ways to become financially literate. Being financially literate allows one to earn more spend less and get the things he or she really wants. Released its National Strategy for Financial Literacy in 2011 with educational components relegated to the states.