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Financial literacy in india PDF & Why it is Necessary

In this PDF, We will talk about What is the proper meaning of Financial Literacy in India. https://shinxindia.in/

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Financial literacy in india PDF & Why it is Necessary

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  1. Financial Literacy In India By ShinxIndia For More Info Visit : Shinxindia.in

  2. What is Financial Literacy?  Financial literacy is the ability to use skills and knowledge to take effective and informed money management decisions. In India, 76 percent of its adult population does not understand even basic financial concepts.  Basically It is a Skill which allow an individual to build there personal wealth with the help of effective decision making based on the present income.

  3. Financial Literacy in India  According to the Surveys, In 2018 we have founf that over 76 percant of adults in India doesnt Know the financial planning basics.  No wise person would allow his child to drive before she learns driving. Still, Indian parents let their children enter the complex financial world without basic money skills.

  4. Financial Literacy in India Contd...  Financial exclusion of children is deep-rooted in our society.  Our parents used to keep us away from these discussions because as children we were supposed to focus on our studies.  It is a myth that financial literacy is more important for adults. We can achieve the desired results from financial literacy only when we start educating our children from the beginning.

  5. Financial Literacy Importance  Importance of Financial Literacy : It is so important because it enables us with the knowledge and skills we need to manage financials or money effectively.  “An uninformed person armed with plastic money and eligible for a loan can be nearly as dangerous to himself and society as an untrained person driving a car.”

  6. At Last...  If we think about our initial working life we have committed a lot of money mistakes in those critical years, if we would have got adequate financial literacy our financial situation could have been much better. Now should we allow our children to repeat our mistakes?  Parents and educators must recognize the importance of imparting financial literacy among children at an early age. In this online transaction Era we can not afford to miss imparting financial literacy to our children.

  7. For More Info Visit : ShinxIndia https://www.facebook.com/shinxindia.in https://www.instagram.com/shinxindia.in/

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