Answer: Personal Finance Literacy is the ability to read, analyze, manage, and communicate about the personal financial conditions that affect material well-being. It includes the ability to discern. Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. The meaning of financial literacy 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.
Explanation: The term financial literacy refers to a variety of important financial skills and concepts.
People who are financially literate are generally less vulnerable to financial fraud.
A strong foundation of financial literacy can help support various life goals, such as saving for education or retirement, using debt responsibly, and running a business.
Key aspects to financial literacy include knowing how to create a budget, plan for retirement, manage debt, and track personal spending.
Financial literacy can be obtained through reading books, listening to podcasts, subscribing to financial content, or talking to a financial professional.
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