: Money management is a lifeskill for teens #IndiaNEWS #Business Hyderabad: Teenagers have hardly been given any real exposure to financial literacy. Boosting their financial knowledge at school level

Money management is a lifeskill for teens #IndiaNEWS #Business
Hyderabad: Teenagers have hardly been given any real exposure to financial literacy. Boosting their financial knowledge at school level will define the way they value money, Mukund Rao, Co-Founder of teen-centric pocket money app Muvin tells Telangana Today.
Need for financial literacy
Financial literacy for teens is highly underrated. Even at home, personal finance or money management is rarely discussed with children. Banks largely classify them as being unprofitable- until they turn 18 and start seeking loans for higher education. It is unfortunate that they enter into their adulthood having minimal or no knowledge of matters related to personal finance.
Dependence on parents
Despite being tech savvy, India’s teenage population does 80% of their financial transactions in cash or depends on parentp?&HX?]????TH?^H??Y?][?[??X?[???[?[??X[]?X?H??[??????]?[??[H???Y?H????[?[?[??H[?[?^HX[?Y?[Y[???[???[?HZ?X??[??X??]?[?[???]?[??[???[??[?X[?Y?[??[?^K??X?]?[?^K??????X?H?[?[??[?[?[????HX?[????[???X?X[H[?X]???[][????[???][?????^[????]?[??[?[???????X?K?YX?][???[?[?X??][?^HX[?Y?[Y[??X??]?][??H???^[H?H?Z[???[?[??X[H????X?H[?[??[[??[HX?Y]?HX?H?[?[??X[??YY?K???????][???[????[???]HZ??[?[??X[Z?Z????[??X[Y?H?]X][????YH??[?]Y??X??X??]?X[Y]?X????H?[?[??X[?X[?????^[K?[????[^Z[???^H?X??Z?^[????XHZ?[?H?Y?]??[???]H??[??????H?X????[Z[???X??[??X???HX?YY?Y?]????Y???[[???H[?]?]Y?Z?H[??????????H[?[??H?????[????[X??H?[????H?[?[??[??????[?^K???H?]]KH??Z[???[?Y?H?[??HYX?Y???HZ????][?^K?]8?&???^HY??[?[?XZ?HZ?Z???[HX[?Y?[??[?^H?]]?[XX?[K??X??]???^B?Y[?Y????H[?[?[?X??[?XZ????]?Y??[??H???[??^H?^HX?????????[??Y?]??]?[[????]Y??Y?HX??]???^H????YM H?H?[??X????Y?YZ??[?[??&?[???[?X??[??X??]Y?][?[]?]?Z[?????H?YY??H[?H??[??Y[?[?X?H?[?[??X[Y?X?HYX?[??K?[???[??KH????[?Y?H?Y[?????Y[???[?????]?Z?H?????Z[?[??????[??[?X?]?HX??[???[?X[[[??Y[??X??]?]?Y?H?[?[??X[??][???[?^H??[?????][?^H??[?[??]??]?HY??X?[]H?Z??[?[???

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