Benefits of Being Financially Literate It is the ability to understand and manage financial skills. It includes budgeting, saving, investing, and managing debt. It simply means having the knowledge and confidence to make informed financial decisions that lead to financial stability and security. These are the benefits of benign financially literate: 1. Better Money Management 2. Avoid Financial Scams 3. Building Wealth through Smart Investments 4. Stress-Free Financial Life. https://surepass.io/blog/what-is-financial-literacy/