LETTER

Why we’re promoting financial literacy this month and every month

Financial literacy can have a huge impact on your life. Sometimes even just a little knowledge can go a long way. When I first started saving, I was only putting away a dollar or so at a time, and I remember being surprised at how quickly it added up. This simple insight helped me save for my goals, and it’s why we started Mylo to help others do the same.

Understanding the basics of personal finance can help everyone improve their outlook and achieve their financial goals.

At Mylo, we believe that financial literacy and financial technology should work hand in hand. Learning about personal finance should be accessible, easy, and even fun.

That’s why this November for Financial Literacy Month, we’ll be sharing content that explores a variety of personal finance topics, including budgeting, saving and investing, conquering debt, and nurturing credit.

To get started, we’re publishing a story about how the stock market works. We know it’s exciting to watch your investments grow and equally scary when your investments go down, so we hope this article will give you some important context about recent volatility in the financial markets.

We feel privileged to be supporting you on your financial journey. If you have any specific questions, ideas or feedback about financial literacy, please send them our way.

Sincerely,

Phil

Phil Barrar
Founder and CEO