MoneyLend.net's Infographic offers eight easy steps to financial literacy

SEATTLE - Dec. 14, 2015 - PRLog -- MoneyLend.net, a top tier search engine for personal, peer-to-peer, and payday loans, announced the release of the first of a series of educational infographics today. MoneyLend.net's "Guide to Financial Literacy" infographic (http://www.moneylend.net/info/info_financial_literacy.pdf) offers an overview of financial literacy, what it means and how to achieve it – along with shocking statistics on just how few people have taken these very simple steps.

The infographic offers eight easy steps to financial literacy, beginning with the simple step of keeping a money diary. "Keeping a diary of every cent you spend, even if it's just for a few months, will often give you a surprising look at where your money is going," said Dan Blacharski, spokesperson for MoneyLend.net. "It's a great place to start on your journey to financial literacy, and the diary will help form the foundation of a more coherent and realistic budget."

Step number two, "Don't overestimate simple savings tactics," addresses a common piece of advice often given by financial gurus who ought to know better. "Bank programs that round up your debit purchases to the next highest dollar and place the change in a savings account are great, and even throwing your spare change in a jar is always a good idea," said Blacharski. "But don't fall for it when advisors place more emphasis on this tactic than they should. Do the math. Your daily spare change isn't going to fund your retirement account. Use this tactic to save up for a special purchase, but don't rely on it as your only means of savings."

The infographic points out that only about a third of Americans are considered "financially literate" – but gaining that literacy doesn't have to be a chore. A common misconception is that gaining financial literacy requires a college degree, taking expensive seminars from millionaire financial gurus, or years of study. "That's simply not the case," said Blacharski. "Anybody can be financially literate, regardless of age, education level or financial standing."

Founded by a team of long-time dotcom entrepreneurs with a history in financial services, MoneyLend.net is designed to connect loan consumers with reputable and qualified lenders, affordable loan products – and all while providing trustworthy information and expertise.

For more information, visit the MoneyLend website at http://www.moneylend.net.