Financial literacy refers to the knowledge and skills that individuals have in managing their finances effectively. It covers a wide range of topics, such as budgeting, saving, investing, debt management, and retirement planning, among others.
Being financially literate means having an understanding of basic financial concepts and the ability to apply that knowledge to make informed decisions about one’s personal finances. It is an essential skill that can help individuals make smart financial decisions and achieve their financial goals.
Financial Literacy
« Back to Glossary Index