What is Personal Financial management? #shorts

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What is financial education and why is it important?

Financial education is the process of learning about personal finances and how to manage them. Financial literacy is a term often used interchangeably with financial education, but it’s actually more.

However, many aspects of your finances can be improved just by learning more about them

Financial education is important because it leads to discretionary income and freedom.
Financial literacy, which includes financial education, allows people to make better decisions with money and ultimately helps them reach their goals.
It also allows them to reach a higher quality of life by being set up for success.

The most critical aspect is to understand how to manage your money by understanding debt, and credit scores, giving yourself guidelines on how much money you make and will spend on certain things, understanding inflation, etc.

This video will teach you the different aspects of Financial education.

Financial education can boost your confidence, and also allow you to make decisions on investments and manage your Money.

Enjoy !! 👍
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