Financial literacy is not an end in itself, but a step-by-step process. It begins in childhood and continues throughout a person's life all the way to retirement.-George Karl
The number one problem in today's generation and economy is the lack of financial literacy-Alan Greenspan
An Investment in Knowledge pays the best Interest-Benjamin Franklin
What is Financial Literacy?
The term financial literacy refers to a variety of important financial skills and concepts. It is nothing but the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. It is the foundation of your relationship with money, and it is a lifelong journey of learning. The earlier you start, the better off you will be, because education is the key to success when it comes to money. Many people find money matters intimidating, but they don’t have to be, make your self Financially Literate to overcome this. Developing financial literacy to improve your personal finances involves learning and practicing a variety of skills related to budgeting, managing and paying off debts, and understanding credit and investment products.
We believe that financial literacy is the skill of managing your finances. It starts with practicing financial attitude and financial behavior leading to financial capability. With the “Fin Lit Project” we want to make finance and fintech simple and accessible to everyone. As per a study conducted by S&P nearly 75% of the eligible adult population is financially illiterate .In normal course financial terms appear to be complicated and the public at large feels uncomfortable in coping with those terms.We aim to take financial literacy to a minimum forty percent by the end of the next five years. Though this appears to be humongous task, we have devised various micro courses in such a way that attaining our set target would not be difficult for us.
At The Fin Lit Project we believe that education can help people navigate the financial system with ease. We have decided to focus on high-quality financial education through robust research, decision-making tools and reliable interventions. Since education alone cannot create financial well-being as there are numerous factors which include an individual’s ability to apply or not apply education to a specific situation hence our purpose is to spread financial literacy by inculcating it as a financial behaviour that transforms financial attitude.The long term goal is to make people adept at managing their personal finances by embracing financial literacy as a way of life .
We conform to values of
Ethical Standards built on the pillars of stakeholder benefit
in the ambit of enabling Financial Literacy.