Financial literacte

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. It involves having the knowledge and skills to make informed decisions about money, which can help individuals achieve their financial goals and avoid common pitfalls like debt and fraud.

Key aspects of financial literacy include:

- **Budgeting** : Creating and maintaining a plan for how to spend and save money.

- **Saving and Investing** : Understanding how to save money for future needs and how to invest it to grow wealth.

- **Debt Management** : Knowing how to use credit responsibly and manage debt effectively.