Tips To Achieve Financial Literacy
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28 Nov 2025
Financial literacy means understanding and using skills for managing and planning money
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Skills such as budgeting, investing and managing debt are known as Financial literacy skills
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These skills help in making informed decisions relating to money and finance
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The first step in financial literacy involves creating budget and tracking spending
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Individuals should have the knowledge about how money works
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They must have the wisdom to choose the right savings and investments
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Financial literacy involves setting up financial goals such as buying a home or planning retirement
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Gaining knowledge about the different forms of taxation and its impact is crucial for financial literacy
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