The Bedrock of Financial Stability: Financial Literacy in Maine In the picturesque landscape of Maine, from the bustling streets of Portland to the serene coastal communities and the rugged interior, personal financial stability is a cornerstone of well-being. Far too often, however, individuals find themselves navigating complex financial waters without a compass. This lack of direction, or financial literacy, can lead to serious legal and economic consequences, sometimes culminating in the need for bankruptcy. Understanding basic financial principles isn't just about saving money; it's about safeguarding your future, protecting your assets, and knowing your rights under the law. What is Financial Literacy, and Why is it Critical for Mainers? Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. For residents of Maine, where economic realities can flu...