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What is financial literacy and why is it important.

User Puvanarajan
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1 Answer

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21 votes

Answer:

Financial literacy is a set of skills and knowledge that allows one to make effective decisions with their financial resources.

Step-by-step explanation:

Why is it important? Well, being financially literate ensures financial stability and security. It also allows you to have a variety of different financial skills; such as creating a budget, understanding how credit works, being able to save for retirement, and becoming wiser with how to manage your money.

Hope this helps! Have an amazing day! :D

User Heferav
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