This research aims to identify the root of financial illiteracy among the population of Aktobe city, specifically its teenagers. Through qualitative collection of quantitative data and examination of secondary sources of information, one can arrive at a conclusion that contributes to achieving the initial goal. This study can help in the field of economics, explain the importance of financial literacy as a subject, and lead to the logical conclusion that one should be educated in financial literacy as early as possible in order to reduce the number of debts.