Financial education refers to the process of learning about managing personal finances, including budgeting, saving, investing, and understanding credit. It equips individuals with the knowledge and skills needed to make informed financial decisions, helping them achieve their financial goals and improve their overall financial well-being. Effective financial education can cover various topics such as debt management, retirement planning, and financial literacy. It is essential for people of all ages, as it promotes responsible financial behavior and empowers individuals to navigate the complexities of the financial world, ultimately leading to greater financial stability and security.