what are the principles of financial literacy 
there are five broad principles of financial literacy though other models may list different key components the overarching goal of financial literacy is to teach individuals about earning spending saving borrowing and protecting their money 8the bottom linefinancial literacy is the knowledge of various aspects of personal finance and the ability to make smart decisions about money it includes preparing a budget knowing how much to save recognizing favorable loan terms understanding what impacts credit and distinguishing different investment options that can be used to save for retirement the financial skills that come from financial literacy can help individuals handle their personal finances responsibly which in turn can help them protect the well being of their financial futures 