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 Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allow an individual to.

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Presentation on theme: " Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allow an individual to."— Presentation transcript:

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2  Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allow an individual to make informed and effective decisions through their understanding of finances....  en.wikipedia.org/wiki/Financial_literacy en.wikipedia.org/wiki/Financial_literacy  The ability to use knowledge and skills to manage one’s financial resources effectively for lifetime financial security.  www.moneyandstuff.info/glossary.htm www.moneyandstuff.info/glossary.htm  A necessary component to becoming financially self-sufficient. Examples include an understanding of savings, interest, investment, assets, liabilities, basic household economics and accounting, balancing a checkbook, opening a bank account, and establishing credit.  www.ctbaonline.org/glossary.htm www.ctbaonline.org/glossary.htm

3 › Noun: A list of goods sent or services provided, stating the sum due for these; a bill. Verb: Send an invoice to (someone). Synonyms: noun. bill - account › verb. bill

4 › Noun: A useful or valuable thing, person, or quality: "quick reflexes were his chief asset". › Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies. › Synonyms: property - estate

5 › The state of being responsible for something, esp. by law. › A thing for which someone is responsible, esp. a debt or financial obligation.

6 › Discussion aimed at reaching an agreement: "a worldwide ban is currently under negotiation"; "negotiations between unions and employers". › The action or process of negotiating: "negotiation of the deals".


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