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Financial Literacy: Introduction: What is Financial Literacy?

A guide to financial literacy for students

Definition of Financial Literacy

Financial literacy is the ability to understand and manage money wisely. For students, it means learning how to budget, save, handle debt, and make smart financial decisions. These pages will help you navigate college expenses and set yourself up for a secure financial future.

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Importance of Financial Literacy for Students

Financial literacy is crucial for students like you as you learn to manage college expenses and prepare for life beyond academics. Knowing how to budget and make wise financial choices helps avoid unnecessary debt and reduces financial stress. Students with strong financial skills are better prepared to become financially independent and resilient, equipping them for both personal and professional success.

Overview of Financial Topics Covered in the Guide

This guide covers a range of essential financial topics geared towards students, such as budgeting, saving, managing student loans, understanding credit, and setting financial goals. Each section is designed to provide practical information and tools to help students make informed financial decisions, empowering them to develop healthy financial habits that will benefit them for years to come.

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Some content repurposed from National Standards in K-12 Personal Finance Education (Jump$tart Coalition, 2015).