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A Definition of financial literacy is having the skills and knowledge that gives a person the ability to make good judgements and decisions regarding their financial matters. Personal finance issues (budgeting, saving and spending) are gaining interest with many people as we are now realising that our financial future is our own personal responsibility.
We are also realising that with at least a basic knowledge of financial concepts, we can make better financial decisions and manage money better that those without any study of financial literacy.
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