FINANCIAL LITERACY

Financial literacy is a critical life skill that involves understanding how money works and how to manage it effectively. It covers areas like budgeting, saving, investing, credit management, and financial planning for long-term goals. With financial literacy, individuals can make informed decisions on borrowing, investing, and managing their resources, which helps them avoid financial pitfalls and plan for future needs. It also equips individuals to navigate economic uncertainties, reduce financial stress, and build wealth over time. A financially literate person can create a sustainable financial plan, adjust it as needed, and take steps toward achieving financial security and independence.