What is the importance of financial literacy?
Introduction Financial literacy is the ability to understand and manage one's finances effectively. It includes knowledge of financial concepts such as budgeting, saving, investing, credit, and insurance. It also involves the ability to make informed financial decisions, such as choosing the right credit card or determining the best investment strategy. Financial literacy is important because it allows individuals to take control of their financial future and achieve their goals. Without it, individuals may make poor financial decisions that can lead to debt, credit problems, and financial insecurity. It is essential for individuals to be financially literate in order to make informed decisions and achieve financial stability and security. Financial literacy is important for a number of reasons: First , it allows individuals to make informed decisions about their money, Financial literacy is the ability to understand and manage one's financial resources effectively. It encompa