A Brief Study On Recent Trends in Financial Literacy

Abstract

Financial literacy is personal financial management, credit various financing including budgeting and investment Ability to understand and use skills effectively Is. Financial literacy with money your relationship foundation its lifelong learning journey. According to financial literacy and the Education Commission, the five main components of financial literacy are: learning, spending, savings and investing, borrowing and securing. Financial literacy is learning How to manage your money. This means yours How to pay bills, borrow and make money. Saving responsibly and how and why to invest and learning to plan for retirement. Financial literacy is cognitive understanding of financial components and skills Budget, investment, borrowing, taxation and personal finance management. While the financial education umbrella comes under many skills popular examples include the home budget, learning loans How to manage and repay various loans and investment products In between include business appraisal.