“Do not save what is left after spending, but spend what is left after saving.”
– Warren Buffet
The current world demands financially literate citizens who can take wise decisions for saving and investment for a secured future. Adhering to the same, Maxfort School, Rohini organised a CBSE Training Programme on Financial Literacy for the Facilitators on Thursday, 13 February 2025. The Resource Person was Ms. Nitya Aggarwal, a multifaceted professional, corporate trainer with expertise in graphology, numerology, color analysis, and soft skills training. The objective was to sensitise the Facilitators on basics of Financial Literacy and use of Digital Tools that are relevant in the current scenario. The focus was laid on spreading awareness about basic financial planning, how to avoid falling prey to phishing and cyber frauds, etc. This will help educators stay updated to plan their future in a better way.
The need of the hour is Financial Planning. It is the practice of assessing one’s current financial situation and drawing a financial plan to reach future life-stage goals. Investing is essential as saving does not yield any other return. There are various options / alternatives available like the conventional ways-Fixed Deposit (FD) and Recurring Deposit (RD) and new ways-Mutual Funds (MF) and Stock Market. It is advisable to invest in Mutual Fund as most people do not have knowledge about Stock Market. One should invest in Mutual Fund according to his / her risk taking ability. There are various types of mutual funds like midcap fund, largecap fund, flexicap fund, hybrid fund and debt fund.
The importance of financial literacy cannot be overstated, as it enables individuals to make informed financial decisions and manage their money effectively. It helps individuals understand financial concepts such as budgeting, saving, and investing, leading to better financial choices. It empowers people to navigate financial challenges, avoid debt traps, and plan for the future, ultimately enhancing their overall financial health. Being financially literate increases comfort with using financial instruments and understanding insurance, which can lead to more effective financial management. Eventually, the training programme aided the Facilitators to enrich their knowledge about achieving financial stability and success in today’s complex financial landscape.
