What does financial literacy mean and why is it important?

The meaning of Financial Literacy is full understanding of how money works in your daily life. It includes knowing how to make a monthly budget, how to save & where to invest them. On the other hand it is important because it helps you to achieve goal, builds habit for savings for emergencies. 

Financial Literacy is equally important when it comes to women, When women understands money they can make their financial decisions independently also if women understands finance they are able to support themselves & there family with confidence.

Financial literacy is basically knowing how to handle money like earning, saving, investing, and avoiding stupid mistakes.

Sounds simple, but most people don’t know basics like inflation or compound interest. That’s why people earn well but still stay broke. It helps you make smarter decisions like not taking unnecessary loans or actually investing early.

Today's youth are literally into a deadly trap of EMIs and Loans, and because of that they stay broke. 

In fact. Various finance literacy apps have been made so that people can track where their money is going, but still many are left to actually include this habit.

Financial literacy directly impacts long-term wealth creation.