Children's Day: Importance of financial literacy and tips to make your kids moneywise

Personal finance is not a subject covered in any school but is of utmost importance. It is said that our children today are fast learners, tech-savvy and observant. So, as parents or guardians, it should be our responsibility to teach them the importance of financial literacy from the very beginning. Financial literacy is a basic life skill that directly impacts personal well-being. Learning it at an early age provides lots of opportunities to apply them in real life. The basic definition Financial literacy is the ability to understand and effectively use various financial skills. The key steps to improve financial literacy include learning the skills to create a budget, track expenses,