Financial Literacy
Financial literacy is the understanding of financial concepts and skills necessary to make informed and effective decisions regarding money management, investments, and financial planning. It encompasses knowledge of budgeting, saving, debt management, investing, and understanding financial products like loans and insurance. For developers, this includes applying these principles to personal finances, business operations, or financial technology (fintech) projects.
Developers should learn financial literacy to manage personal finances effectively, such as budgeting for career growth or retirement planning, and to build fintech applications that require understanding of financial systems. It is crucial for roles in banking, investment, or startup environments where financial decision-making impacts product development and business strategies.