Financial literacy programs primarily help individuals to:

Financial literacy programs are designed to equip individuals with the knowledge and skills necessary to make informed decisions regarding their finances. This encompasses understanding a variety of financial products, budgeting, and specifically making informed decisions about investments. The ability to analyze investment opportunities, understand the risks involved, and evaluate potential returns is a critical component of financial literacy.

When individuals participate in these programs, they gain insights into how different types of investments work, such as stocks, bonds, mutual funds, and real estate. This foundational knowledge empowers them to make choices that align with their financial goals and risk tolerance.

In contrast, while obtaining loans and credit, understanding complex financial products, and managing personal relationships are also important financial competencies, they are not the primary focus of most financial literacy programs. The essence of these programs lies in enabling individuals to build the confidence and capability to navigate the investment landscape effectively, which is fundamental to achieving long-term financial well-being.