Knowledge Tree
Relations (1)
related 2.32 — strongly supporting 4 facts
Financial literacy is defined by its application to personal finance as stated in [1], and organizations like the Jump$tart Coalition promote the teaching of personal finance to improve financial literacy [2]. Furthermore, academic research consistently examines the direct relationship and effects between financial literacy and the management of personal finances [3] and [4].
Facts (4)
Sources
The Psychological Drivers of Financial Decision-Making - ijsrm ijsrm.net 2 facts
referenceObago, S. O. (2014) examined the effect of financial literacy on the management of personal finances among employees of commercial banks in Kenya.
referenceKebede, M., and Kuar, J. (2015) reviewed recent literature regarding the relationship between financial literacy and the management of personal finance.
Financial Literacy: The Guide to Managing Your Money - Annuity.org annuity.org 1 fact
claimFinancial literacy is defined as the ability to understand the use of money as it applies to personal finances.
Twelve Principles of Personal Financial Literacy (Rutgers NJAES) njaes.rutgers.edu 1 fact
claimThe Jump$tart Coalition for Personal Financial Literacy is a Washington, D.C.-based organization that aims to improve the financial literacy of young adults by promoting the teaching of personal finance.