Financial skills refer to the ability to manage money effectively, including budgeting, saving, and investing. These skills help individuals make informed decisions about their finances, ensuring they can meet their short-term needs and long-term goals. Understanding concepts like interest rates, credit scores, and financial planning is essential for achieving financial stability. Developing financial skills can lead to better money management and reduced stress related to financial issues. Individuals with strong financial skills are more likely to create and stick to a budget, build an emergency fund, and invest wisely for retirement. This knowledge empowers people to navigate their financial futures confidently.