Question

What's the best definition of financial literacy?

Answer 1

Financial literacy is defined as a complete knowledge of a person to manage his finances of any type.

This field is important for people because it equips us with the knowledge and skills we need to manage money effectively.

Having knowledge about this field, we can become self sufficient and can achieve financial stability.

In this way we can save money, pay our bills on time, budget properly, know the difference between wants and needs, etc.

Answer 2

Having a deep understanding of how money works in this world.