Finan­cial lit­er­a­cy encom­pass­es the skills, knowl­edge and tools that peo­ple need to make finan­cial deci­sions that will sup­port their per­son­al goals. is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. It is the foundation of your relationship with money, and it is a lifelong journey of learning. The earlier you start, the better off you will be because education is the key to success when it comes to money.

Given the importance of finance in modern society, lacking financial literacy can be very damaging to an individual’s long-term financial success. Being financially illiterate can lead to several pitfalls, such as being more likely to accumulate unsustainable debt burdens, either through poor spending decisions or a lack of long-term preparation. This, in turn, can lead to poor credit, bankruptcy, housing foreclosure, and other negative consequences.

Thankfully You have joined this platform, you can study and solve your financial challenges.


A goal without a plan is just a wish. Just having a goal to be financially stable is not sufficient, you need a solid financial plan. A financial plan is a road map that helps you achieve your goals. It gives a comprehensive picture of your current finances, your financial goals and any strategies you’ve set to achieve those goals. Good financial planning should include details about your cash flow, savings, debt, investments, insurance and any other elements of your financial life.

Financial planning is an ongoing process that can reduce your stress about money, support your current needs and help you build a nest egg for your long-term goals, like retirement.

Creating a financial plan is important because it allows you to make the most of your assets, helps ensure you meet your future goals and gives you the confidence to weather any bumps along the way.

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