Financial literacy is a crucial skill that helps individuals make informed decisions about money management, budgeting, and investing. Understanding basic financial concepts empowers people to plan for the future, avoid debt, and build wealth over time. Without financial literacy, individuals are more vulnerable to poor money choices, scams, and financial stress.
Learning about personal finance early on promotes responsible habits like saving regularly, tracking expenses, and preparing for emergencies. It also encourages smarter decisions when it comes to loans, credit cards, and retirement planning. By improving financial literacy, people gain confidence and control over their financial lives, leading to greater security and peace of mind. Shutdown123