Financial literacy refers to the capability to comprehend and proficiently apply a range of financial skills, encompassing personal financial management, budgeting, investing, and other related financial competencies. It serves as the bedrock of an individual’s relationship with money and constitutes an ongoing process of learning throughout one’s life. Initiating financial literacy education at an early stage is advantageous, as it equips individuals with essential knowledge and skills to navigate financial decisions effectively. Education plays a pivotal role in achieving financial success and security, making it a fundamental component of financial well-being.
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