February 16, 2026
Samiksha Bhosle
Class 8, Universal High School, Thane
Financial knowledge is required across all walks of life. When one is famil iar with finance early, it helps them make informed decisions naturally. Learning about finance can help children with a career in finance, starting a business and with their daily decisions. I save half of my pocket money in my piggy bank and sometimes keep some in my pocket in case I need to use it in the future or for emergencies. I started learning finance through lectures in school, which built my interest in the subject. Additionally, my parents provide me with knowledge. I aspire to be a businesswoman in the future and learning how to handle money will help me. In my opinion, people must evaluate their needs and make plans to save accordingly.
Avighna Shinde
Class 7, Mumbai Public School – CBSE, Mumbai
Learning financial concepts will help children develop a strong foundation for financial literacy, which will help them during adulthood. Adults usually save to buy a house or a car. Children are often eager for things like toys or games. Rather than having an adult gift these things to them, they can save some pocket money. Doing this will help them understand the value of saving and budgeting. When we show interest in finance, we automatically start thinking about how to save and invest. I am saving for my future education. In my opinion, money is important not only for major goals, but also for daily life. If children can manage their money well, it will help them to be responsible as grown-ups. It will protect them from habits like impulse spending. Practising with small amounts, even ₹10, is a good start. These small practices will help on a grander scale when children reach adulthood and start handling their own finances. Children should view money management as a life skill rather than a subject.
Abdullah Mohammad Shoaib Sunasara
Class 7, St Mary’s High School – SSC, Mumbai
Gaining financial knowledge helps us build a secure future. In my opinion, it is important to focus on saving as you earn. The saved money can be invested as investments help money grow. Furthermore, the concept of budgeting in finance helps us control expenses. Learning about finance during childhood helps us be aware of financial concepts, how banks function and also how to save smartly. I have developed a habit of saving money in my piggy bank. My parents have taught me a few tips on finance and savings. In addition to this, I use the internet and videos to enhance my knowledge. I have also gained valuable information by reading books by YES Securities. I would like to tell children that they should be responsible with money and develop the habit of saving even small amounts. Additionally, keeping emergency funds is important as it will help them in unexpected situations.
Ajmal Ali Akhtar Raza Siddiqui
Class 8, Paspoli Municipal Urdu School, Mumbai
If children are acquainted with finance, it will help them use their salaries wisely in the future. With this knowledge, they will be able to decide how much money to save for personal use and for home expenses, how much to spend and how much to invest. I usually gain financial knowledge by watching videos on new schemes and money management. I also come across finance-related advertisements and try to learn more about them. Sometimes, my father gives me investment tips. When I receive money as gifts, I ensure that I save some money and then spend some. I’m saving to buy a smartphone and for my future education. I think people should focus on saving or investing at least 20% of their earnings.
5 MONEY MANAGEMENT TIPS
- Start learning about money early.
- Save a part of whatever you get.
- Know the difference between needs and wants.
- Practise budgeting with small amounts.
- Plan for the future and emergencies.
