Financial Literacy

Financial literacy is the foundational knowledge and set of skills that equip individuals with the ability to effectively manage their personal finances. It encompasses a comprehensive understanding of various financial concepts, including budgeting, saving, investing, and debt management. A financially literate individual possesses the capability to make informed decisions about their money, ensuring it aligns with their goals and aspirations. This proficiency extends to comprehending different financial products, navigating complex systems like taxes and retirement planning, and even understanding broader economic trends. Ultimately, financial literacy empowers individuals to take control of their financial well-being to build a more prosperous future.