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Why students need to be taught how to manage their finances With the economy beginning to recover from the effects of the pandemic, financial literacy is important. Good financial habits and a strong mindset are crucial for everyone, including students. Although there is no specific age to begin, mentors and educators should start imparting basic knowledge about money as soon as they feel the child is ready. Start with the basics of making a budget, spending and saving, as every step a person takes from graduation to retirement is directly or indirectly linked with how well he/she manages the money in hand. Financial management cannot be learned overnight; it is an ongoing process that demands years of understanding and experience to actually make it a habit. Therefore, early exposure to money-related affairs along with proper guidance is imperative.

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Personal-finance
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