Benefits of finance education for student’s life

S.SARAVANAN, Professor, SIMS

Financial education is the possession of the set of skills and knowledge that allows an individual to make them informed and to take effective decisions with all of their financial resources. It plays a vital role in today’s digital information world which helps in grasping the student community with a publicity that creates environment for quintessential questioning and decision on how to cope with the  better resources. If the college students are no longer aware of monetary concepts it will have an effect on the first-rate of lifestyles and opportunities.

Taxes

Taxes performs foremost factors in the financial education, Colleges need to provide monetary training to students in managing the month-to-month budgets and this will  serves as the exceptional and efficient way to handle the budget. So when the college students get into the job it will facilitate him to cope with the taxes.

Budgets:

Budget also helps the students to understand and manage the financial resources and also assist them with the  technological know-how which helps in creating a  discipline toward all the elements in life.

Savings:

For each economic selection saving plays a necessary role, but most students do no longer recognize the significance of saving which creates an unsecured lifestyle. Students must begin the savings from the early so that it can have lasting monetary impression.

Investment

The economic training makes the difference between saving and investment. This saving will help to control the future and discover a variety of options so that students can make right investment for their future betterment.