Finan­cial lit­er­a­cy encom­pass­es the skills, knowl­edge and tools that peo­ple need to make finan­cial deci­sions that will sup­port their per­son­al goals. is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. It is the foundation of your relationship with money, and it is a lifelong journey of learning. The earlier you start, the better off you will be because education is the key to success when it comes to money.

Given the importance of finance in modern society, lacking financial literacy can be very damaging to an individual’s long-term financial success. Being financially illiterate can lead to several pitfalls, such as being more likely to accumulate unsustainable debt burdens, either through poor spending decisions or a lack of long-term preparation. This, in turn, can lead to poor credit, bankruptcy, housing foreclosure, and other negative consequences.

Thankfully You have joined this platform, you can study and solve your financial challenges.