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FAQ
Financial literacy refers to the knowledge and understanding of financial concepts and skills necessary to make informed decisions about money management, budgeting, investing, and financial planning.
Financial literacy is important because it equips individuals with the knowledge and skills to manage their finances effectively, avoid debt, plan for the future, and achieve their financial goals.
You can improve your financial literacy by educating yourself about financial concepts, creating and following a budget, learning about investing and saving strategies, seeking advice from financial professionals, and regularly monitoring your finances.
The benefits of being financially literate include better financial decision-making, reduced financial stress, increased savings and investments, improved credit scores, and greater financial security and independence.
You can learn more about financial literacy through online resources, financial education courses, workshops, seminars, books, and by consulting with financial advisors and experts.