We must keep up with these developments, as lifestyles and values have become diverse and everyday life is more dependent on and convenient with technology.
However, we still need to understand that there are limits to the goods we can own and the money we can spend, so as to make sure that we make appropriate choices on daily consumption, financial transactions, and lifetime planning. We need to be aware of significant financial literacy factors – namely, the scarcity of money and resources as well as lifetime planning.