This is my favorite video that I want to share with my friends, it is very accessible and competently tells you what Financial Literacy is in simple words.
Financial literacy is the knowledge and skills needed to effectively manage your finances. It includes an understanding of basic financial concepts such as income, expenses, savings, investments and debt, as well as the ability to plan a budget, save for the future and avoid financial risks. The main goal of financial literacy is to ensure a stable and confident financial future.