Introduction to Financial Literacy

This introductory course provides practical and foundational knowledge by introducing key topics, methodologies, and their basic applications. Each lesson offers learners enough insights to understand the importance of the topic and identify where to seek further information. For those seeking a deeper dive, this course serves as a condensed version of the comprehensive “Financial Literacy” courses available in the curriculum.  

We often assume that everyone has some financial or basic numerical knowledge. We also presume that everyone can manage their own expectations and mental well-being. However, considering pressure of family and friends, the impact of social media, and the potential for both information overload and scarcity, not everyone can withstand the stress associated with FOMO (Fear Of Missing Out) or FUD (Fear, Uncertainty, and Doubt).  

In the absence of financial education, we might find it challenging to handle significant financial burdens like student debt, family commitments, high interest rates, or potential scams. The ideal education should be impactful, easily accessible, and designed to cater to our individual needs and situations.   United Nations states in their Financial Inclusion document, that “many people, especially women, still lack access to financial services, as well as financial literacy, which is a key for Social Inclusion. Financial access means access to a full suite of financial services, provided with quality, for everyone who can use financial services, thereby leading to an increase financial capability.”  

It is my hope that not only young individuals, but also those currently facing challenges, learn about financial planning with the Financial Literacy courses. Early education and ongoing support can equip everybody to maintain a healthy balance in their finances, fulfilling their dreams, and establishing savings, be it from their 30s or at any stage of life, to adeptly navigate life’s complexities.