Why is financial literacy important?
Financial literacy is crucial as it empowers individuals to make informed decisions about budgeting, saving, and investing.
What are some key components of financial literacy?
Key components include understanding budgeting, saving, investing, credit management, and financial planning.
How can I improve my financial literacy?
You can improve it by reading books, taking online courses, attending workshops, and using financial planning tools.
What are the consequences of poor financial literacy?
Poor financial literacy can lead to debt, poor credit scores, and an inability to save for emergencies or retirement.
Are there any resources you recommend for learning more?
Yes, websites like Khan Academy, Investopedia, and various personal finance blogs offer great resources for learning.
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