Financial literacy is the knowledge a person needs to imbibe separately apart from the academic knowledge during childhood. But, unfortunately, in india we don’t have any schools to teach the children about the importance of financial literacy. A student may have been born in an affluent family or is academically sound, but that has nothing to do with financial literacy. He may be financially illiterate!
Financial education focuses on the ability to manage personal finance matters in an efficient manner, and it includes the knowledge of making appropriate decisions about personal finance such as investing, insurance, real estate, paying for college, budgeting, retirement and tax planning.
Why the discrepancy?
This story is from the September 2017 edition of Mad About Money.
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This story is from the September 2017 edition of Mad About Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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