{"id":37266,"date":"2015-07-10T03:08:24","date_gmt":"2015-07-09T21:38:24","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=37266"},"modified":"2024-04-03T13:19:00","modified_gmt":"2024-04-03T07:49:00","slug":"financial-literacy-2","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/financial-literacy-2\/","title":{"rendered":"What is Financial Literacy?"},"content":{"rendered":"

\"FINANCIAL<\/a><\/p>\n

Being financially literate requires one to be able to understand the working or functioning of money.In other words, having the knowledge of management of money is the criteria for being financially literate .i.e. the way someone manages to earn money,the way he or she manages, invests and donates it.Financial literacy mainly focuses on personal financial matters.<\/p>\n

Financial literacy makes one acquainted with the knowledge of decision making related to personal finance, like real estate, investment, saving, insurance etc. as well as overview of deep financial concepts like financial planning, time value of money, compound interest, capital market, money market, shares, bonds, debentures etc.<\/p>\n

Financial literacy facilitates well financial decisions, which is good for an individual and his\/her family as it brings substantial financial stability.In our country, most of the people are still financially illiterate and it leads to bad financial decisions, which in turn brings financial instability.So,the masses are needed to be made financially literate, and to bring this, certain major steps have been taken by our government in the recent past.e.g. financial literacy program is being offered online, by securities and Exchange Board of India.<\/p>\n

This program has separate modules for different target groups of the society.They are;<\/p>\n