Financial literacy

Okay kiddo, financial literacy means that you understand how money works and how to manage it, kinda like how you learn to use your toys or play games at school. It helps you make good decisions about your money, like knowing how to save, spend wisely, or even invest it.

Remember when mom or dad took you to the toy store and let you pick one toy to buy? They probably told you to check the price tag to make sure you have enough money to buy it, right? Well, that's one example of financial literacy - you'll learn how much money you have, how much things cost and if you can afford it.

As you get older, learning about financial literacy means understanding concepts like savings, budgeting, credit scores, loans, taxes, and investing. Sounds complicated? Well, it's just like counting how many candies you have or sharing them fair and square with your friends so everyone's happy - you just have to learn the rules and how to do it.

By being financially literate, you can make smart choices with your money instead of wasting it or getting into debt. And just like learning how to ride your bike or read a book, it's a skill that will stick with you through life!