Financial Literacy: Key Skills for Managing Personal Finances

Another important aspect of financial literacy is the ability to manage debt. This includes understanding the different types of debt, such as mortgages, credit cards and loans, and developing a strategy for paying off debt and minimizing its cost.

Investing also plays an important role in managing personal finances. The ability to select appropriate investment instruments, analyze the market and risks, and strategically develop your investment portfolio allows you to achieve maximum profitability and ensure financial stability in the future.