What is the objective of a financial literacy program?

The objective of a financial literacy program is fundamentally about educating clients on financial concepts. Such programs aim to enhance individuals’ understanding of various financial topics, which can include budgeting, saving, investing, understanding credit, and managing debt. By improving financial literacy, individuals become better equipped to make informed financial decisions, which can lead to increased financial stability and independence.

The other options, while they may relate to some aspects of financial services, do not capture the primary goal of a financial literacy program. Tax preparation services focus on filing taxes rather than educating individuals about financial principles. Selling financial products centers on commercial transactions rather than learning. Creating investment portfolios involves practical application but does not inherently mean an increase in understanding of financial concepts. The emphasis of financial literacy is on education, which empowers clients with the knowledge they need to manage their financial lives effectively.