“Financial Literacy from a Young Age: A Timely Need – Dr. Nataeker”
Release of Balmat Foundation’s Diwali Edition
Mapusa : Renowned writer Dr. Gurudas Nataeker emphasized the importance of financial literacy among students, stating that it is a timely need. He was speaking at the release of Balmat Foundation’s Diwali edition in Mhapusa.
Dr. Nataeker said that just like teaching children to read and write, it’s equally essential to educate them about financial literacy through pocket money. This helps them understand the value of money and develop skills to manage their finances effectively.
Many children learn about financial literacy through experience, managing their pocket money, and understanding the concept of saving and expenditure. Parents play a significant role in imparting this knowledge, and it’s essential for children to learn about financial planning and management from a young age.
Dr. Nataeker added that giving pocket money to children is a way to teach them financial literacy. It helps them understand the importance of saving and managing expenses. By doing so, children can develop essential skills to manage their finances effectively in the future.
Mahesh Nagvekar, a former headmaster, praised Balmat Foundation for publishing a special issue on pocket money and savings, which will help create awareness among students and parents about the importance of saving.
Dr. Nataeker emphasized that parents should educate their children about the importance of saving from a young age. This will help them build a secure future and develop practical knowledge about financial management. Parents should also guide their children during daily shopping and transactions, teaching them about the value of money and the importance of saving.
Financial literacy is essential for children from a young age. Parents play a significant role in imparting financial knowledge to their children. Pocket money can be a useful tool for teaching children about financial management. Saving is crucial for building a secure future, and parents should educate their children about its importance.
photo captions: “Dr. Gurudas Nataeker, Yogesh Dinde, Mahesh Nagvekar, and Bharat Betkekar at the release of Balmat Foundation’s Diwali edition.”
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