financial literacy

In response to our previous post Financial Literacy should be made mandatory which talked about conducting workshops and roadshows in spreading financial literacy program in India, Ranjan Varma pointed out two most practical issues

Financial literacy means knowing the basic survival principles involved with earning, spending, saving and investing. Earlier, our parents use to save more and spend less, today, young adults wants to earn more to be able to spend more, without bothering to save or invest.