How can financial wellness be managed effectively by youth and young adults, and how can one develop financial literacy?

Financial wellness involves managing money responsibly and learning how to do so. You can create budgets, save, invest and make informed financial decisions. It is crucial for your overall well-being as financial stability reduces stress and provides a sense of security. Financial literacy refers to the ability to understand and use various financial skills, including personal financial management, budgeting, and investing. A financially literate individual possesses the knowledge and skills necessary to make informed and effective decisions about money matters.