02/11/2022
What is financial literacy?
Financial literacy is the ability to understand financial concepts and having the skills to make smart decisions about money management and spending.
Financial literacy includes paying off debts, creating a budget and understanding cash flows of your money. A financial literate individual is self desciplined when comes to money.
4 principles of financial literacy
Save and invest.
Protect your money.
Proper spending of money.
Self descipline and good budget.
Benefits of financial literacy
A financial literate individual have the ability to make better financial decisions, this includes reduction of debts, greater financial goals and a good budget.
Being financial literaye leads to prosperity and reduction of poverty and awareness of being scammed, so people less stay smart and educate people who need to hear this
Spreading this message can make an impact to the community.
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