Financial Literacy

CONTENTS
1.What is financial Literacy
2.What is the importance of Financial literacy
 Financial Literacy

Financial literacy is the

ability to understand
and effectively use
various financial skills
including personal
financial management,
budgeting and
investing.
 According to Federal Financial Literacy Education
There have 5 five Key Principles
of Financial literacy
1.How much you earn,
including your pay, benefits
and tax withholdings.
2.How to save and invest,
including creating an
emergency fund and setting
aside money for both shor t
and long-term goals.
3.How to protect your money
by buying insurance and
knowing how to avoid fraud.
4.How to spend wisely
through budgeting and
comparison shopping.
5.How to borrow money at the
lowest possible interest rate,
and how to keep your credit
strong.
 Importance of Financial Literacy
1.It help us understand the
value of money.
2.It saves us from getting
into too much debt.
3.It gives us the
oppor tunity to impar t our
financial knowledge to the
next generation.
4.it helps us prepare
during times of emergency
5.It enlightens us to invest
and create multiple income
streams.
Thank You