Shri Saraswati Higher Secondary School, Ponda.
PANAJI:
The Post Graduate Department of Commerce of VVM’s ShreeDamodar College of Commerce & Economics, Margao, organised a financialliteracy initiative titled “From Pocket Money to Portfolio – Building SmartMoney Habits, One Rupee at a Time”, aimed at creating awareness among HigherSecondary students about the importance of managing money wisely from an earlyage.
As part of the initiative, six groups of M Com Part IIstudents conducted interactive financial literacy sessions for students of Std.XI and XII at Shri Saraswati Higher Secondary School, Ponda; VRDAs GauncarHigher Secondary School of Arts and Commerce, Raia; The Kamakshi EducationSociety’s Higher Secondary School, Ponda; Multipurpose Higher Secondary School,Margao; Ramacrisna Mahadeva Salgaonkar Higher Secondary School, Margao; and Fr.Basilio Andrade Memorial Higher Secondary School, Majorda.
The sessions focused on making financial concepts simple,practical and relevant to young students. The participants were introduced tothe basics of earning, spending, saving, investing and protecting money, alongwith the importance of budgeting and making responsible financial decisions.
Interactive activities were conducted to help studentsunderstand the difference between needs and wants, manage a given amount ofmoney through budgeting, and understand the importance of saving. The sessionsalso introduced students to saving and investment, inflation, compounding, riskand return, and diversification through simple examples and relatablesituations.
