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Financial literacy is the possession of skills, knowledge, and behaviors that allow an individual to make informed decisions regarding money. Financial literacy, financial education and financial knowledge are used interchangeably. [1] Financially unsophisticated individuals cannot plan financially because of their poor financial knowledge.
[2] [6] Additionally, government agencies and international organizations have designed free standardized financial literacy curricula and implementation programs for diverse target groups. [3] [5] Among these, some financial literacy curricula are well-recognized and widely used by individuals, educators, and schools, as detailed below: [3] [2]
As the concerns about consumers' financial capability increased during the early 2000s, various education programs emerged, catering to a broad audience or a specific group of people, such as youth and women. The educational programs are frequently known as "financial literacy". However, there was no standardized curriculum for personal finance ...
Once you have a better understanding of financial literacy and want to take another step forward, find a class from accredited universities or schools. ... Foundational Principles class was one of ...
“By adopting a holistic approach to wealth management and embracing principles of financial literacy, individuals can make informed decisions that lead to a fulfilling and secure retirement ...
Financial literacy entails having a solid understanding of money management so you can make good decisions when creating a budget, saving and investing money, managing debt and paying taxes.