Financial literacy is the foundation of your relationship with money, and it is a lifelong journey of learning. The earlier you start, the better off you will be because education is the key to success when it comes to money. Through this project, we are aiming to timely educate today’s youth financially for taking sound and informed financial decisions in their life ahead.
The main aim of the project is to educate the underprivileged population about financial skills and knowledge to help them to make informed financial decisions. The Project will be implemented on Pilot Basis in 42+ Schools/Colleges of Haryana State.
Due to COVID 19 pandemic, most of the rural and urban people faced financial crises. Coronavirus has taught the whole world about the importance of being financially prepared. Financial education is a basic key that has an impact on a person's financial well-being. The basic skills are money management, investment, saving, etc. Learning financial skills at a young age has lots of benefits in the life ahead. 1) Making a budget, 2) emergency fund 3) understanding and managing debt,4) retirement plan, etc. Therefore the “Financial literacy” Project will be implemented by Y4D Foundation in Schools and Colleges of 10 villages of Haryana to educate the underprivileged about financial literacy.
As being financially literate can improve the financial situation. Those who are financially literate have the ability to make financial decisions, effective management of money and debt, have less financial anxiety and stress. Increase in ethical decision making when selecting health insurance and policies, loans, investments. Thus, this pilot project will bring changes in financial strength and better well-being.
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