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What is Financial Literacy?
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Financial literacy refers to people's knowledge and skills regarding money management, financial planning, and investment. It involves understanding personal financial statements, budgeting, saving, investing, insurance, and taxes.
A financially literate individual can make informed decisions about their finances, adapt to changing economic conditions, and achieve their financial goals.
Financial literacy is an important life skill that helps people to build wealth, reduce debt, and secure their financial future.
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