F
General
Financial Literacy
Knowing how to handle money without blowing it, understanding how loans work, how interest stacks up, the difference between saving and investing — that's financial literacy. South Africa's got terrible rates of it and that's why so many people are drowning in debt.
Usage Examples
"Bongani's school never taught him about compound interest. By the time he understood it, he'd already wasted R50,000 paying interest on bad loans."
"Financial literacy means knowing that a 24% interest rate on a credit card is insane and that paying just the minimum is a guaranteed way to stay broke forever."
"Kids who learn about money early don't make the mistakes adults are drowning in. Teaching your children about budgeting and saving is the best gift you can give them."