UNGRIA, UNALYN D.

            BEED 1-A                                 January 23, 2021

Activity 2: Reflection

         How can I use Mathematics to gain financial literacy and profitability?

We are not expected, as human beings, to know the nitty-gritty of financial management. But it
is important to handle our own money in a way that does not affect us and our families in a
negative way. Surely we don't want to end up with a day with no money at hand and starvation in
our stomach.

Mathematics helps me to gain financial literacy and profitability by using my knowledge in math
on how to solve, budget, and save money. We should be wise enough to spend our money on
different stuff and it would only be possible if you learn something in mathematics. In order to
discern what he buys, what he spends, and what he owes, financial literacy will allow a person to
develop a budgetary guide. Many students fail to see how their day-to-day lives contribute to the
mathematics they study in the primary classroom. Since all students have some knowledge of
money-related issues, financial literacy seems to be a natural solution to this issue. However,
entrepreneurs are one of the most related in financial literacy and profitability and most
commonly using mathematics. Consequently, we can also contribute to our economy's financial
growth and strength. In addition to this, a good financial literacy base will help support different
life goals, such as saving for college or retirement, making prudent use of debt, and running a
business. While there are several skills that may come under the financial literacy umbrella,
household budgeting, learning how to handle and pay off debts, and determining the tradeoffs
between various credit and investment products are common examples. Sometimes, these
abilities require at least a working understanding of core financial principles, such as compound
interest and money's time value. Given the importance of finance in modern society, the absence
of financial literacy can be very detrimental to the long-term financial success of a person.

Mathematics is a very useful tool to gain financial literacy and profitability. Actually, the
birthplace of all inventions, without which the universe does not move an inch, is mathematics.
Everyone needs mathematics in their day-to-day life, be it a cook or a farmer, a carpenter or a
mechanic, a shopkeeper or a doctor, an engineer or a scientist, a musician or a magician.
Therefore I conclude that mathematics is everywhere.