What is Financial Literacy?

This is the ability comprehend and use a variety of financial skills, such as investing, budgeting, and personal financial management

You have the necessary basis for a wise relationship with money when you are financially literate. Learning about the financial facets of your life can begin with this and continue throughout your life. Since education is the key to a successful financial future, the earlier you begin to become financially literate, the better off you will be.

Points to Note:

People that are financially savvy are typically less susceptible to financial deception.

A solid foundation in financial literacy may assist a number of life goals, including managing debt responsibly, starting a business, and saving for retirement or school.

Understanding how to manage debt, track personal spending, plan for retirement, and make a budget are all important components of financial literacy.

Reading books, listening to podcasts, subscribing to financial information, or speaking with a financial expert are all ways to become financially literate.