What do you think about F inancial Literacy ? What is the meaning of financial literacy, let's understand it in a layman language. Financial literacy means understanding and knowledge of financial skills necessary to make informed financial decisions. It involves understanding about budgeting, saving, investing, debt management, income tax regulation and retirement planning. Financial literacy empowers an individuals to manage their money effectively, make wise financial decisions, and plan for their future financial goals. Now, let's understand these basic concepts one by one about money management: Budgeting: In a layman language it is about knowing your income and expenses. Managing a budget helps individuals track their income and expenses, ensuring they spend within their means and allocate funds for savings for future goals. Saving and Investing: Knowing and understanding different saving and investment options, such as savings accounts, insurance, mutual funds, stock...
Aryavart Geopolitics strategically analyse the recent national and international events from India's point of view.