You earn, save and invest. But are you financially literate? 10 questions to ask

Financial literacy encompasses understanding one’s income, expenses, and the risks associated with investments. Differentiating between saving and investing is crucial for effective financial planning. Individuals must be vigilant against financial fraud and misleading guidance in their investment choices. A well-structured financial plan aids in aligning savings and investments with personal objectives. Familiarity with financial concepts empowers individuals to make thoughtful decisions and manage their finances responsibly.