A misconception about financial literacy is that someone who's poor isn't managing his money well.
<h3>What is financial literacy?</h3>
It should be noted that financial literacy implies the need to understand how money works. It should be noted One of the common myths regarding financial literacy is "having a lot of money." Being financially literate does not imply being wealthy. It means you understand proper money management, including beneficial and harmful habits.
Making money idle and not investing it in something that will allow it to grow are two negative money management strategies.
Also, a misconception about financial literacy is that someone who's poor isn't managing his money well.
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