Financial Literacy

“Financial literacy is not a side effect of wealth. Wealth is a side effect of financial literacy.” -Unknown

What is Financial Literacy?

Financial literacy refers to the ability to understand and use various financial skills, including personal financial management, budgeting, and investing. Individuals who are financially literate are equipped with the knowledge and skills necessary to make informed and effective decisions regarding their finances. This includes understanding concepts such as budgeting, saving, investing, debt management, and basic financial planning.

Financial literacy is crucial for individuals to navigate the complex world of personal finance successfully. It empowers people to make sound financial decisions, plan for the future, and achieve their financial goals. Additionally, financial literacy plays a significant role in promoting economic stability on both an individual and societal level.

Some key components of financial literacy include understanding financial concepts, developing money management skills, being aware of financial products and services, and making informed decisions that align with one's financial goals and values. Educational programs and resources are often designed to enhance financial literacy and empower individuals to take control of their financial well-being.

Resources for Students