ENTREPRENEURSHIP

Detailed explanation-1: -Financial literacy is the knowledge of how to make smart decisions with money. This includes preparing a budget, knowing how much to save, deciding favorable loan terms, understanding impacts to credit, and distinguishing different vehicles used for retirement.

Detailed explanation-2: -Financial literacy refers to the ability to understand and apply different financial skills effectively, including personal financial management, budgeting, and saving. Financial literacy makes individuals become self-sufficient, so that financial stability can be accomplished.

Detailed explanation-3: -Benefits of Financial Literacy Ability to make better financial decisions. Effective management of money and debt. Greater equipped to reach financial goals.

Detailed explanation-4: -Understanding and using financial concepts and abilities efficiently in your daily life is known as financial literacy. Budgeting, investing, managing credit, and financial management are all basic financial abilities that everyone should have. Financial literacy is, in other words, the capacity to manage finances.