financial literacy

This refers to the knowledge and effective application of various financial and money management skills to protect, and grow your monetary and financial assets over time. Being financially literate means being able to use various financial skills, including personal financial management, budgeting, and investing. The meaning of financial literacy is the foundation of your relationship with money, and it is a lifelong journey of learning. This means learning how to pay your bills, how to borrow and save money responsibly, and how and why to invest and plan for retirement.