If you don't know how much you've spent and on what, you won't know how much you have left to afford the things you want.
A financial literacy test given by the National Financial Educator's Council found that test-takers from 15-18 years old scored an average of only 59.6%. No matter what they're learning in school, most young Americans are lost when it comes to managing their money.
That's why we put together a basic guide to financial facts and concepts that will come in handy no matter where you're headed next. This list is by no means exhaustive, because there's no end to the things you can learn about money. It doesn't include points about considerations like mortgages and 401(k)s and long term care insurance, because those are things that can wait, at least for a little while
