This book has a goal: it should introduce you to a basis for planning about your personal financial decisions, in addition to providing a source of practical knowledge on finance education. This should cause you to think more deeply and broadly about the long-term consequences of your decisions. Many of the more practical parts of personal finance will change, but a basic understanding of how to think properly about financial problems will always be beneficial. Some of the more practical concepts may be clear and instantly applicable, while others may not be, but decision-making skills are long-lasting. You could simply be taking the course for personal development. You could be a Science, Humanities, or Management student with some knowledge of finance or some level of arithmetic abilities, or you could be taking an open elective with no such knowledge.In fact, while such abilities can improve one’s capacity to make personal financial decisions, they are not necessary. Software, downloaded apps, and calculators execute increasingly sophisticated functions with increasingly user-friendly interfaces. The goal of this book is to introduce you to a practical and conceptual framework for making personal financial decisions as part of a larger economy of financial participants. The content is presented in a visual fashion to facilitate learning. We hope this book will be extremely fruitful for students and academic staff.
Contents –
1. Foundation to Financial Literacy
2. Financial Planning and Budgeting
3. Banking Services
4. Financial Services from Post Office
5. Protection and Investment Related Financial Services
Financial Literacy Quiz
