The Importance of Financial Literacy
Financial Literacy
Financial literacy is crucial for making informed financial decisions. Here’s why it matters:
1. Empowerment
Understanding financial concepts empowers individuals to take control of their finances and make sound decisions.
2. Avoiding Debt
Financial literacy helps individuals avoid unnecessary debt by understanding the implications of borrowing.
3. Planning for the Future
Being financially literate enables better planning for future goals, such as retirement and education.