This is perhaps the first such exercise to introduce financial literacy in schools in a structured manner and would provide an early exposure to young adults to the world of finance.
Read more here.
People can argue on these points:
- this is additional burden on students, who are already taking a toll for the heavy expectations from parents and/or relatives.
- first improve the existing education standards and then take steps on financial literacy.
I will not stand for these arguments, because I think that `Financial Literacy' or `Financial Engineering', is lacking in todays generation. Amma always says, Managing money is more difficult than making money, since most of the times, pockets are empty, when the money is needed the most.
Managing money in abundance, or raising money in scarcity are two essential learning prospects of `Financial Engineering'. If you ask, why is it termed `Financial Engineering', I consider the art of managing finances/money as `Engineering'. Argue on terminology, but the scope remains same.
Hope to see `Financial Literate' youngsters in the future.