Credit card management is only one aspect of personal financial literacy. Ben Bernanke, former Federal Reserve chairman, once said that our financial preparedness is essential to their well-being and of vital importance to our economic future. With the student loan debt rising every year it is imperative that students make financial literacy a priority. Learning as much as you can about personal finance can help you to achieve a higher standard of living, reach personal and professional financial goals and reduce stress by creating good financial habits early on.