How does Financial Literacy help improve the financial status of the families?
- Equips a consumer with the knowledge required to choose from a large number of financial products and financial providers
- Helps provide individuals with the knowledge necessary to create household budgets, initiate savings plans, manage debt and make investments for a safe future
- Helps individuals to understand possible contingencies and save for a rainy day
- Leads to consumer protection as the individual is able to make informed choices.