"Capacity to go with SMART FINANCIAL Choices which result in DESIRED FINANCIAL OUTCOMES"RIGHT FINANCIAL DECISIONS IN PERSONAL FINANCE Educational institutions center just around academic and expert preparation. WHAT IS FINANCIAL EDUCATION Financial education is one of the most important skills to learn in today's world however it is not a subject that is most talked about in schools. Schools and colleges teach how to become good employees but your financial education is left to the parents. It is the art of investing in and managing money in an ability to make sound financial decisions. Firstly we should know about Asset and Liabilities AssetIn financial accounting, a resource is any asset possessed or constrained by a business or a financial substance.