Financial knowledge/literacy simply means understanding how money works in everyday life. You don’t need to be an expert, but having the basics makes a big difference.

1. Understanding Income and Expenses
   Knowing exactly what comes in and what goes out each month is the foundation of good money management.
2. Credit and Debt Awareness
   Learn the difference between good debt (like a mortgage) and bad debt (like high-interest credit cards). Understanding interest rates and repayments can save you money and stress.
3. Planning Ahead
   Simple knowledge about taxes, pensions, and saving options helps you plan for the future. Reliable resources — such as gov.uk — provide trusted information without jargon.

Remember: the more you learn, the more confident you’ll feel making financial decisions.