Money word, in plain English ← Back to all terms
Financial literacy
Being able to answer basic money questions and make everyday money decisions.
Example. Knowing how interest, inflation, and a budget work is financial literacy.
Financial literacy means understanding the basics of money well enough to make good everyday decisions. It covers simple ideas like saving, budgeting, interest, inflation, and avoiding scams. Surveys test it with a few basic questions. In India, only about 27% of adults pass, which is exactly the gap GreenFunds exists to close.