Financial literacy

The importance of financial literacy in education.

Financial literacy is the knowledge of using money. Financial literacy is a life skill that should be incorporated in education at a very young age, it should be an important curriculum aspect that should be focused on. 

Teaching learners about financial literacy shapes them in becoming financially independent in a sense that they are able to make good financial decisions. Financial decisions may include knowing when and how to buy a house, a car or taking a loan. 

Knowing when to spend money and how to spend money is very important. If learners are taught at a very young age about financial literacy they will make good money spenders in the future. Learners should be taught how to set budgets, how to save money and how to invest.

Introducing financial literacy education will expand the economic sector of the country, because educating people on how to use money will reduce debts.