+Financial literacy is the fundamental understanding and application of various financial skills, including effective [Personal Finance](/wiki/personal_finance) management and [Budgeting](/wiki/budgeting). It empowers individuals to make informed decisions about their money, fostering economic well-being and stability. This essential knowledge guides sound financial choices throughout life.
+## See also
+- [Savings](/wiki/savings)
+- [Credit](/wiki/credit)
+- [Debt](/wiki/debt)
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