What are the Benefits of Financial Literacy?

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Financial literacy is the knowledge and skills that a person has that can influence their behavior, especially in managing finances, so that they can also make decisions appropriately and wisely. Financial literacy also often changes a person's consumptive behavior into a frugal and simple life so that financial freedom can be achieved easily. In general, people who are financially literate also have their own financial goals, both short-term and long-term, and they can also easily create a personal budget.