What is Financial Literacy , Why it Matters , what are the Gains .

Financial literacy is all about knowing how to handle your money wisely. It’s the skill set that helps you budget your income , save for the future , invest smartly , and make financial decisions that actually make sense for your life. Think of it as your personal roadmap to financial freedom . Money Picture Why It Matters Being financially literate means you’re not just guessing when it comes to money—you’re making informed choices. Whether it’s planning for retirement , saving for a rainy day , or just making sure you don’t overspend this month , financial literacy gives you the tools to stay in control. It’s the difference between reacting to money problems and proactively avoiding them. Key Pieces of the Puzzle Budgeting: This is your money blueprint. It’s about knowing what comes in, what goes out, and making sure your spending lines up with your goals. - Saving: Whether it’s for emergencies , school fees , or a dream vacation , saving helps you prepare for both the ex...