Financial Capability Scale

The Financial Capability Scale is a tool used to assess an individual's ability to manage their finances effectively. It measures aspects such as budgeting skills, saving habits, understanding of financial products, and decision-making when faced with financial choices. By evaluating these areas, the scale helps identify strengths and weaknesses in financial behaviors. This information can assist organizations and policymakers in developing programs to improve financial literacy and promote better financial health among individuals and communities. Overall, it serves as a benchmark for understanding and enhancing financial well-being.