Financial Literacy Awareness

  How can you multiply your money and why it is important to understa nd that how you should channel your savings? Many of you heard about investments when it comes to raising your wealth, but you stop to go ahead because of lack of information and other aspects related to the investments as future uncertainty and other related risks make you reluctant to put money in any vehicle. And yes, everyone should think before investment because it is your hard-earned money. Most of the people cannot understand the estimation and calculation of its return, so they easily believe whatever their bank or other financial advisors advised that’s why most often people get misguide and defrauded. And as you can see advising, consulting, borrowings all becomes a business and these are running their business with your money so it is important for you to take an initiative and start educating yourself about various investment vehicles and its related aspects as there are various risks involved that...

  Whenever there is an economic crisis, it brings more need to be financially literate. Do you know why? What drives you to be financially literate? After globalization, the risk is enhanced in the finance industry as financial markets require adequately skilled to be able to make cognizant financial decisions. Research conducted across the world indicates that financial illiteracy is prevalent even in well-developed financial markets like Germany, the Netherlands, Sweden, Japan, Italy, New Zealand, and the United States. It is found that a significant percentage of young adults are “Financially precarious” because they had poor financial literacy and lacked money management skills and income stability. As the finance industry becomes digital, this declines the role of governments and employers in managing investments, it increased your role to manage your own finance using digital tools promoting Fintech industry. In India, the increasing trend of borrowing amongst the young p...

  Many of you find finance subject boring and uninteresting, but what happens when you reach in your adult age you find it essential to study this subject. And that is the reason why millennial has a low understanding of financial education. What makes finance so boring? The technical jargon, financial concepts, multiple uses of financial terms according to varied contexts. Now just look Into the mirror and ask yourself, many of you are spending your time right now for the purpose to earn a good amount of money, desire to live a sumptuous life, making efforts to reach your goals. It’s true you are also following your passion but you also seek newer ways to convert your passion into a business so that it becomes interesting to earn money whole-heartedly. I truly believe that knowledge is power and education is key. Parents send you school and college for the education so that you can take your responsibilities for your own, it is upon you how you transform acquired education i...

   What fears you to invest in multiple financial products? You learned how important it is to be financially literate, how it impacts your daily financial decisions, how can you be financially independent but it all precedes financial knowledge. You get confused when it comes to the point that how can you smartly solve your financial issues and how you should apply principles in your lives to be financially smart. How the acquisition of financial knowledge really helps you to be financially independent? What should you consider in the process of learning financial knowledge? Most of you might have a good understanding of finance, But Have you secured your future financially? Are you not struggling financially? Don’t you fear investing in different financial products? Financial education is considered as an important intervention to improve financial well-being.  Proper knowledge of how financial markets operate enables you to make more effective borrowing decisions. Inco...

As India has the highest young population among the other nations in the world, it ranks low when we talk about financial literacy in the world. How financial matters impact your attitude and behavior? As financial literacy gained importance with the emerging variety of financial products, drastic changes in other economic factors,   amplified complications of the markets, information overload etc. As our country aims to achieve making India a cashless and digital economy which cannot be fulfilled without making people financially educated. Low level of financial literacy thwarts individuals from creating veracious choices of financial decisions as it affects the awareness regarding financial products as well as investment preferences towards financial products and it becomes so necessary to take an effective action to improve overall well-being and avoid distress in financial matters to improve your financial status, for you to adopt the path of financial literacy is a way by whic...