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CHAPTER I INTRODUCTION It is very essential that each person should have the ability to understand how money works; how to manage it to earn and to invest SESSION 3: INTRODUCING INSURANCE . The purpose of financial literacy training is to teach people concepts of money and how to manage it wisely. Understand the importance and discipline necessary to set financial goals and create realistic budgets. PROGRAM INTRODUCTION. Our workbooks will help you: • Set What is Financial Literacy? The ability to understand how money works in the world. •Skills and knowledge. • Your tools, Financial literacy means having the knowledge, skills, and confidence to make responsible financial decisions throughout your life – from how. The standards address credit, debt and money management, planning, sav- ing and investing, and community and financial responsibility. They relate in- come and literacy by conveying an understanding of the basic financial concepts, Unit 2: Introduction to Financial Literacy PDFs/FUNCWWE080910.pdf.An introduction to financial literacy. Foundation Financial literacy refers to a set of skills Therefore, financial literacy requires that. Financial Education is “the process of building knowledge, skills and attitudes to become financially literate, introducing people to good money management