What is Personal Financial Literacy and why do I need it?
In light of recent economic conditions, now more than ever young consumers need to gain the knowledge and confidence necessary to make wise and responsible financial decisions.
An individual has achieved Personal Financial Literacy when they have acquired the knowledge and skills necessary to perform the following:
Make critical decisions affecting their life, education, property and savings
Recognize and avoid financially destructive behaviors
Manage the challenges of living in an increasingly complex world
Avoid becoming a victim of identity theft and fraud
Understand and exercise their consumer protection rights
