FINANCIAL LITERACY

BY-JASMEEN DASH
GUIDED BY-ITISHREE MA’AM
WHAT IS FINANCIAL LITERACY?
Financial literacy is the
possession of the
set of skills and knowledge
that allows an individual to
make informed and effective
decisions with all of their
financial resources.
IMPORTANCE OF FINANCIAL LITERACY

Ability to make better financial decisions.

Effective management of money and debt.
Greater equipped to reach financial goa expenses through
better regulation.
Those who are financially literate can create a budget and
manage their checking account. They understand how
credit cards work and how to use them without racking up
debt. And they know what is involved in saving for their fu-
ture financial needs like college , a home, or retirement.
What are the main components of financial
literacy?
According to the Financial Literacy
and Education Commission,
there are five key components
of financial literacy:
earn, spend, save , invest,
Borrow and protect.
 TAX
A tax is a compulsory financial charge
or some other type of levy imposed
on a taxpayer by a governmental
organization in order to fund
government spending
and various public expenditures.
A failure to pay, along with
evasion of or resistance to
taxation, is punishable by law. 
THANK YOU