Financial literacy gives you the ability to clearly articulate your expectations.
From budgeting to personal financial management, financial literacy is the ability to understand and apply various financial skills.
From talking down interest rates on the money you borrow, to bringing up the goals you have for the money you invest—your ability to negotiate your best option will dramatically increase, the more knowledgeable you are.
Financial literacy is important for many reasons. One main reason is that financial responsibility is increasing. Today, many people must manage their retirement accounts, student debt, mortgage debt, and online trading accounts, among others.