The use of different financial instruments in real life.

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.

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

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