SIGNIFICANCE OF FINANCIAL LITERACY: A ROAD MAP TOWARDS FINANCIAL WELL BEING

Financial Management

The paper reports the investigation on the significance of financial literacy for financial well being of the society. Through this study it focuses on the various dimensions of the financial literacy. The study also investigates the impact of financial literacy on society along with how financial literacy assist individual in taking sound financial decisions. Financial literacy plays a very crucial role for the financial well being of individual as it provides the appropriate guidelines to individual regarding their financial planning. In the present era financial literacy provides a road map for proper earning channel, saving and investment decisions of hard earn money to earn maximum returns. Financial inclusion involves financial literacy and financial education for proper financial knowledge, sound financial behavior and appropriate financial attitude. Keyword: - Financial Literacy, Financial Inclusion, Financial Education, Financial Planning

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