FinLit Intro 01 What is FinLit 01

What is financial literacy?

Financial literacy is the ability to understand and use financial information to make decisions that support your life — day to day, month to month, and over the long term.

It is not about becoming an expert, and it is not about being “good with money” in a perfect way. It is about having enough understanding and confidence to:

• know what options exist,

• ask the right questions,

• and take action when needed.

In a fast-moving, digital world, we are constantly asked to make financial decisions — often quickly, and often online. Financial literacy helps reduce stress and uncertainty by replacing guesswork with understanding.

Financial literacy supports financial wellness:
the sense of security that comes from knowing you can manage your current needs, plan ahead, and respond to changes in your life without constant worry.

This programme focuses on practical financial literacy for people living in the Republic of Ireland. While many principles are universal, specific rules around tax, pensions, social welfare, and consumer rights vary by country. 

This is why FLIT exists, because unless you understand the specific rules that apply, general financial literacy principles, while useful, don't help your specific situation.