5 financial concepts every school-going kid must know The Times of India

​Teaching finances to kids is crucial as it equips them with essential life skills for responsible money management. By instilling financial literacy early, children learn the value of budgeting, saving, and making informed financial decisions. These skills empower them to navigate economic challenges, avoid debt pitfalls, and build a secure financial future. Furthermore, understanding concepts like investing and compound interest fosters long-term financial resilience.

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