Understanding How Financial Literacy Impacts Financial Confidence

17
Apr

Understanding How Financial Literacy Impacts Financial Confidence

According to Webster’s Dictionary, financial literacy refers to skills and knowledge that allow individuals to make informed and effective decisions by understanding finances. Financial literacy starts with a basic understanding of ‘money matters’ to create a sense of economic well-being, self-trust, and financial confidence. Understanding that financial literacy impacts financial confidence includes: Save- Saving is preparing for the future through

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