Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting and investing. The lack of these skills is called financial illiteracy.

The main benefit of financial literacy is that it empowers us to make smart financial decisions. Whereas the benefits can be listed as follows:

• Saving for old age
• Creating and sticking to a balanced budget
• Purchasing a home
• Selecting insurance
• Reducing expenses
• Investing
• Saving for children education
• Managing debt

CDP Nepal has conducted Financial Literacy Training (FLT) for Women in Lalitpur & Kathmandu.