Financial Literacy
Financial Literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, understands borrowing and the importance of good credit, how he/she invests it (turns it into more) and how that person donates it to help others.
More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.