“Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others.”
From the definition one can clearly understand that, financial literacy deals with Earning, Managing, Investing and spending money. I think it is important to give this knowledge to children at a younger age so that they can understand the intricacies of money. The following will show why I think, giving financial literacy to children is important.
1. Financial Discipline : It is important for the children to understand earning money is not easy. If they develop easy attitude towards the money, it will not only make them irresponsible towards the money, but will also make them to think that, money is earned only to spend. Giving FL…
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