When a person is able to use their financial knowledge to make necessary financial decisions.

Grinnell College

- Financial Knowledge
- Financial Communication
- Financial Ability
- Financial Behaviors
- Financial Confidence

Components of Financial Literacy

Swiecka, B., Yeşildağ, E., Özen, E., & Grima, S. (2020). Financial literacy: The case of Poland. Sustainability, 12(2), 700.

An understanding of concepts and products related to finances.

The ability to clearly articulate financial concepts.

The use of different financial instruments in real life.

A person's trust in their previous financial actions, behaviors, and decisions.