Understanding Financial Literacy

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. It is crucial for making informed decisions about money and achieving financial stability.

The Importance of Financial Literacy

In today's complex financial world, being financially literate is more important than ever. It empowers individuals to make sound financial decisions, avoid debt traps, and plan for the future. Without financial literacy, people may struggle to manage their finances effectively.