As women’s roles continue to expand in both the domestic and public spheres, enhancing their financial literacy has become increasingly crucial. Financial literacy fosters financial independence and responsible spending habits, both of which are vital for improving the overall quality of life.

There are multiple reasons why financial literacy is critical for women. Firstly, in most households, women are typically responsible for managing day-to-day expenses, making it advantageous for them to possess financial knowledge. Additionally, women tend to have longer lifespans than men, underscoring the importance of having financial management skills to sustain their daily affairs. As mothers tend to have a more significant impact on their children than fathers, being financially literate can serve as a positive role model for future generations. Furthermore, financial literacy empowers women to navigate inflation and rising living costs effectively. Lastly, being financially literate enables women to prepare for unforeseen emergencies.