financial literacy for student and children

 Financial literacy, we go to schools ,colleges, universities to complete our educated and start earning our livelihood. We take up jobs , practices professions or start our own businesses so that we can earn money to make our living. But, which of these institutions make us capable of managing our own hard earned money probably after few of things. Our ability to effectively manage our money by drawing systematic budgets,paying of our debts,making buying and selling decision and ultimately becoming financially self-sustainable is known as financial literacy. 

            Financial literacy is knowing the basic financial management principle and applying them in our day to day life. From simple practices like keeping track of our expenses and understanding the need to spend money if we like a product to striking a balance between the value of the time saved and money lost, paying our  taxes and filling of tax  returns finalizing the property deals. Etc  everything becomes of a part of financial literacy. As human beings we are not expected to know the the nitty gritty of  financial management. But managing of our own money in the way that it does not affect us and our family in a negative way is important.we certainly do not want to end up having a day with no money at hand and hunger in our stomach. Financially literacy help people in becoming independent and self sufficient . It empowers you with basic knowledge of investment options and financial markets, etc . we should always be financially strong otherwise it affects life very badly.