Financial literacy is an ability to manage one’s own money. An ability to manage personal money or capital has become increasingly important in today’s competitive world. Main aim of financial literacy is to help in understanding financial concepts that will help them to manage their capital better. It is a life skill that one must grasp for good financial wellbeing. Financial literacy is wider concept& be the mixture ofpersonal financial management, insurance needs, investing, loans & interest.It helps people in becoming self-sufficient &competent. Throughout the entire life, anindividual’s today is more responsible for their personal hardearned moneyor capital than previous tenure. Knowledge &experience have an important impact on financial literacy of both women and men. The foremost objectives of the research are to study the level of financial literacy among the Commerce College Students, saving habits influencing among the college studentsof Latur City&the needs of financial literacy programsin college premises. Both primary & secondary data must be used. Questionnaire framed &Convenient Sampling method is used in collecting the data and to examine the level of financial literacy. Researcher consider the views of near about 100 students. Various websites, journals, earlier research work also referred for secondary data. Further an attempt has made to know theimportanceof financial literacy programs.This research paper is structured as follows.
Section I deals with Introduction, II reviews few of the previous studies on financial literacy, Section III concerned with methodologyused; final part presents results&conclusion of this study.