Use of English

Financial Literacy

For many people, financial literacy is no longer a specialist skill but a basic form of modern self-defence. In an age of easy credit, targeted advertising and increasingly complex financial products, ignorance can come (0) COSTLY. People who fail to understand interest rates, repayment terms or investment risk may find themselves (1) .......... decisions that have long-term consequences. What makes the issue especially urgent is that poor financial judgement rarely remains an abstract problem; it can quickly (2) .......... into anxiety, debt and a damaging sense of dependence. Financial literacy should therefore be viewed not merely as a practical advantage but as an essential life skill. It enables individuals to weigh up offers, distinguish genuine opportunities from misleading claims and plan (3) .......... for the future. It also helps people build resilience, since even modest savings can act as a (4) .......... against unexpected expenses. Without such knowledge, consumers are more easily (5) .......... into agreements that appear attractive at first glance but prove restrictive later on. At a broader level, financially informed citizens are better equipped to participate in public debate about taxation, pensions and welfare. In that sense, financial literacy does not simply (6) .......... personal wellbeing; it also strengthens social responsibility. Schools may not be able to remove economic inequality, but they can at least (7) .......... students with the vocabulary and judgement needed to navigate adult life with greater confidence. In the long run, that may (8) .......... the difference between reacting to money problems and managing them wisely.