What is financial education?

Financial education is the process of acquiring the knowledge and skills necessary to make informed and effective decisions about money management. This includes understanding basic financial concepts, such as budgeting, saving, investing, and managing debt. Financial education helps individuals develop the tools they need to achieve financial goals, plan for the future, and navigate the complexities of the financial system. By improving financial literacy, individuals can take control of their financial well-being and build a secure future for themselves and their families.

This mind map was published on 5 April 2024 and has been viewed 86 times.