Financial Literacy

What is Financial Literacy?

The most common definition of financial literacy is the ability to make appropriate decisions in managing their personal finances. But when you look at this definition closely, you see that it speaks more to the results or outcomes of financial choices. It does not tell us which knowledge areas or competencies make a person able to make those good choices.

Financial literacy is the set of skills and knowledge that allow you to understand:
• The financial principles you need to know to make informed financial decisions, and
• The financial products that impact your financial well-being

Financial Literacy Self-Assessment Quiz
Financial Consumer Agency of Canada self-assessment quiz

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