Geetha, K S and Kalaiselvi, S (2024) Embracing the Empowerment of Financial Education: Unlocking Financial Freedom. Embracing the Empowerment of Financial Education: Unlocking Financial Freedom, 11 (2). pp. 138-144. ISSN 2349-5162

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Abstract

In the contemporary era, the importance of financial literacy has never been more pronounced. As
digital transactions become universal and financial markets grow increasingly complex, the need to equip
individuals with the knowledge and skills to navigate these systems is paramount. This paper examines into
the concept of financial literacy, exploring its significance in empowering individuals to make informed
financial decisions and break free from the chains of financial ignorance. Drawing on existing literature and
empirical evidence, it highlights the profound impact that financial literacy can have on various aspects of
individuals' lives, including financial management, socio-economic well-being. Moreover, the paper examines
the current landscape of financial literacy, identifying some misconception about money management and
tools to take control on available finance, particularly in developing countries. By advocating for the
importance of financial literacy and proposing strategies to enhance it, this paper aims to contribute to the
broader discourse on financial inclusion and economic empowerment

Item Type: Article
Uncontrolled Keywords: Financial literacy, money management, financial empowerment, economic growth
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Dr. B Sivakumar
Date Deposited: 26 May 2026 10:18
Last Modified: 26 May 2026 10:18
URI: https://ir.psgcas.ac.in/id/eprint/2869

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