When it comes to helping young people grow into healthy adults, financial literacy is a crucial aspect. Following the 2008 financial crisis, there was an increased focus on the value of financial literacy. It became clear that it was essential for people to be familiar with in order to successfully navigate the complex environment of banking. Financial literacy is a process that gives investors and spenders a better understanding of financial terms and tools. It enables people to recognize potential monetary hazards, decide on the best resources to use and how to engage in associated activities that might help them increase their own wealth. The aim of this paper is to show the level of financial literacy among students of the University of Zagreb in 2023. The purpose of this paper is to define financial literacy, discuss the value of financial education, and highlight the significance of financial literacy for young people. For this purpose, a questionnaire survey was conducted and used. The study involved 160 students, including 19 different faculties of the University of Zagreb. A non-probability sampling technique, snowball sampling was used for recruitment of new units by existing units to build up the sample. The study's objectives are to examine financial literacy and show the value of education in enhancing young people's general literacy. Researchers as well as educators can discover knowledge gaps and create specialized educational programs, curricula, and interventions that improve students' financial literacy skills by looking at the financial literacy of university students. This study of University students' financial literacy examines their knowledge of a wide range of personal finance and money management-related issues. It covers topics including setting a budget, setting aside money, investing, managing debt, comprehending credit, and making wise financial decisions. Through this test, students can learn the knowledge and abilities they need to negotiate the complexity of personal finance, adopt sound financial practices, and make judgments that will ultimately benefit their financial well-being. Overall, measuring University students' financial literacy is an important step toward providing young people with the skills necessary to manage their money wisely and responsibly. Students can acquire the knowledge and abilities essential to make wise financial decisions, pursue their financial objectives, and achieve long-term financial security by filling up knowledge gaps in this area and offering the required education.