Abstract:
This paper attempt to posit about financial literacy as whole and which factor have been affected to determine level of financial literacy. The objectives of this study are to identify the determinants of personal financial literacy and to suggest what strategies are needed to increase the personal financial literacy. Secondary data and primary data have been used for this. According to previous studies about financial literacy some factors such as Age, Gender, Household income, education, money management, spending habit, work experience, are effected to determine level of personal financial literacy. Therefore this factors can be identify as main factors effected on financial literacy. This paper suggested that needs develop national financial education frameworks collaboration of parents, educators, financial institutions and policy makers to improve personal financial literacy.
