Financial education refers to the knowledge and skills needed to make informed financial decisions. It covers topics such as budgeting, saving, investing, and understanding credit. By learning these concepts, individuals can manage their money more effectively and work towards achieving their financial goals. Effective financial education can help people avoid common pitfalls, such as debt accumulation and poor investment choices. It often includes resources like workshops, online courses, and books that teach essential skills. Organizations like National Endowment for Financial Education provide valuable tools to enhance financial literacy for individuals of all ages.