Financial literacy is the education and understanding of various financial areas including topics related to managing personal finance, money and investing
 | | Term of the Day | Words to Know | | |  | | Financial Literacy | | Financial literacy is the ability to understand and effectively apply various financial skills, including personal financial management, budgeting, and investing. Financial literacy helps individuals become self-sufficient so that they can achieve financial stability. | | Read More » | | Related to "Financial Literacy" | | | | SPONSORED BY INVESCO | | The Complete Guide to ETFs | | ETFs are becoming increasingly popular and soaring to new heights among investors. Invesco's insights can help you determine if these investment vehicles are right for you. | | Learn More » | | | Compound Interest | | Compound interest is the number that is calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan. | | Read More » | | | Tax Planning | | Tax planning is the analysis of a financial situation or plan from a tax perspective, with the purpose of ensuring tax efficiency. | | Read More » | | | Consumer Debt | | Consumer debt consists of personal debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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