March 17, 2025
Sania Anna Prince, Intern, Game Design and Development, New Delhi
It is crucial for students to be financially aware. They will have to face a point in their lives where they will be no more dependent on their parents for their financial expenses. For students to have a stable and safe financial life it is important to be financially aware.
Being aware of your expenditure can help you to make smart financial decisions. It makes you aware of various sources of credit. It will make the students responsible and accountable for their financial decisions. By acquiring financial awareness students can avoid financial pitfalls and set themselves up for long term financial success. They can have enough money in their savings in case of an emergency. They would lead a secure and stable financial life if they learn financial awareness at an early age.
Harleen Chibber, Intern, Market Research & Data Analysis, Gurugram
Financial awareness is crucial for students because it builds decision-making skills that shape our future. As a Class XI student facing college decisions soon, I’ve realized financial literacy helps me evaluate educational investments more critically.
Understanding concepts like compound interest, debt management, and budgeting now prepares us for independence and prevents costly mistakes later. Financial knowledge also reduces anxiety about money matters and empowers us to set achievable goals.
Early saving and budgeting habits create momentum for financial security. When I started tracking my expenses last year, I noticed how small daily choices significantly impacted my savings. These habits develop discipline and patience that extend beyond finances into academic and personal life. Starting young allows more time for investments to grow through compound interest, giving us a substantial advantage. The financial mindfulness we develop now helps us make more intentional choices about careers and lifestyle.
Creative Idea: The Three-Jar System
I’ve developed a “Three-Jar System” where I divide any money received into separate jars: 60% for needs, 30% for long-term savings, and 10% for giving. Each jar has a visual progress tracker showing growth toward specific goals. The giving jar particularly reinforces that financial success includes helping others. This system has made saving tangible and satisfying rather than restrictive.
Aniruth, Intern, Introduction to AI Tools that Enrich Learning, Bangalore
Imagine this: You receive a small amount of pocket money, and before you feel it, it has gone to a quick breakfast, an impulsive shopping spree…
Now, here is another landscape – one where you take the same money, save it invest it and use it carefully.
Which version looks smarter?
I learned this lesson for the first time on my birthday. That year, my relatives and grandparents gave me a generous amount of gift. Of course, my first instinct- new shoes, trendy outfits, maybe some quiet accessories too. But then my father gave me another idea. Instead of using all this, he suggested that I open a bank account, start a demat account and invest. Not only this, but he encouraged me to donate a part for donations.
At first, I wasn’t sure. It is attractive to spend money on things that give happiness immediately. But when I followed his advice, something was amazing. That birthday was not a memory of what I had bought- it was the moment when I took my first step in the world of smart money management. When I looked at my investment and knew I contributed to a good reason, the experience became even more advantageous.
Therefore, the next time you receive money- whether it is a fee, a gift or your first salary – a moment. Think beyond the present. For what you do with your money today, tomorrow you can shape your future. Choose with care.
Think of saving money like planting a tree. At first, it’s only a small seed, but with time and care, it grows into something sturdy and lasting. Just like that, growing smart monetary conduct early can construct a destiny in which cash turns into a device for freedom, not stress.
I learned this lesson when I was eleven years old. That’s when I commenced receiving money, and my first instinct was to spend it right then & there —on snacks, toys, or anything that caught my eye. But my dad had a different attitude. He recommended that as opposed to spending everything straight away, I begin saving & keep a track of where I was spending my money (accounting).
At first, it didn’t appear to be a big deal. But as I wrote down expenses, I commenced noticing something—I started thinking twice before spending. I realized that without saving, I could have wasted cash on stuff I didn’t really want. This simple habit helped me understand the value of money and made me accountable for my spending.
Even small savings today can prevent economic stress in the future. Budgeting acts like a roadmap, guiding us closer to goals like education, travel, or even future investments. Understanding how savings, investments, and passive earnings work ensures that money starts running after us in place of the other way round.
Financial freedom doesn’t take place overnight—it’s constructed through the years. But by making small, smart investments today, we make sure of having a secure and financially stable future. So, start planting your economic seeds now, and watch them grow right into a robust, independent future.