Why is financial literacy very important?

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Jared
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#1

 

Many ask: Why is financial literacy very important?

Well, here it is:

Financial literacy knowledge and skills help you manage your hard-earned money wisely, help you make sound financial decisions, and and ultimately help you achieve financial stability in life.

In a similar vein, financial literacy also helps you get through the unexpected moments in life – like a medical emergency or a sudden loss of employment.

Do you agree?
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Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°

Ubcash
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#2

 

Anyone who does not know how financial freedom or Literacy works is not ready to do anything meaningful with money as there will be unnecessary spendings.

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