What is Financial Literacy?

What the young adults need to learn and why is it important at this hour.What is Financial Literacy?Saving money is an essential part of having a safe and secure future. But for that security, you need to make smart decisions with your money. But since the majority of people do not possess the knowledge to make prudent and wise financial decisions, financial literacy helps an individual to assess his savings, earning on savings, expenses, credit, risk diversification, and risk tolerance. It can also be termed as an understanding of various financial concepts and how they can interplay with your life.What is Financial Literacy? was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Author: Investoday

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