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What is the main goal of becoming financially literate?

Understand the Problem

The question is asking about the primary objective or benefit of achieving financial literacy, which typically involves understanding how to manage personal finances effectively, including budgeting, investing, and planning for the future.

Answer

To effectively manage your money to support various life goals.

The main goal of becoming financially literate is to effectively manage your money to support various life goals such as saving for education or retirement, using debt responsibly, and running a business.

Answer for screen readers

The main goal of becoming financially literate is to effectively manage your money to support various life goals such as saving for education or retirement, using debt responsibly, and running a business.

More Information

Financial literacy involves understanding and applying concepts such as budgeting, saving, investing, and debt management. It helps individuals make informed financial decisions that contribute to long-term stability and personal financial health.

Sources

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