Financial literacy is essential for UPSC prep students as it equips them with the understanding of personal finance management. Aspirants often experience a financial burden due to expenses related to coaching, study materials, and exam fees. By mastering financial literacy, they can create effective budgeting plans, allocate resources wisely, and minimize unnecessary expenditures. Additionally, understanding financial concepts can help candidates assess policies and programs from an informed viewpoint, which is beneficial during examination discussions and interviews. Ultimately, enhanced financial awareness contributes to holistic preparation for civil services.