Question

How would you define being financially literate? What does that term encompass for you as a student/person?

Answer 1

⍟What Is Financial Literacy? Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. Financial literacy is the foundation of your relationship with money, and it is a life-long journey of learning.

Answer 2

Answer:

Financial literacy refers to the ability to understand and apply different financial skills effectively, including personal financial management, budgeting, and saving

Achieving financial literacy can help individuals avoid making poor financial decisions to help them become self-sufficient and achieve financial stability. Key steps to attaining financial literacy include learning how to create a budget, track spending, pay off debt, and plan for retirement.