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Topic : Personal Finance
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Created by : Padmanabhan R, Articled / Audit assistant, Finance student  | 06 18 2009 18:08:11 +0000
Functional Area : Personal Finance(Personal Interests)
Activity:  343 views;  last activity : 07 06 2010 20:18:09 +0000

Irrespective of profession everyone is interested in making money. A large majority of our population who doesn’t have academic knowledge of finance is investing in the market and many are making good stories. But many are ignorant of the risks of investing and act on tips. Even take loans to invest.

Then if everyone is interested in financial management, why not include the basics in our school curriculum?

 
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yes on all means Padmanabahan...they all taught us so many things which i found were really irrelevant, and when we started doing our jobs there was no connection at all to what we learned and what we implemented, so when there is situation where most of them want to turn into entrepreneurs and make money by themselves, it is very important that atleast the basics is taught from the high school, then later on one can teach them the nuances of all the Finance stuff which is rather more important in the days to come, so totally agree with your topic, this should be given a serious thought for that matter and this should be brought into light to the relevant people who can make the necessary changes......


By Jyoti Rath, Sr. Associate, Barclays  06 19 2009 12:54:28 +0000
 
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This is really a great thought. I totally agree with having finance as a subject in school curriculum. We need finance in every walk of our life. Infact it is inter-linked with all fields of knowledge. So having basics right from the school would help one to manage his/her money effectively.


By Phani Dasam, PMP, Senior Engineer, Anite Telecoms Ltd  | 01 27 2010 18:59:57 +0000
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now a days life and finance are two aspects which keeps things going as planned, Most of the things which are taught in schools are irrevelent in life for example history in paleolithik age etc but finance does matter right from birth to death of a person, therfore should be surely taught in school....... good idea....Cheers!!


By Nagpal Singh, Sales and Business Development, Babel Group of companies  | 08 10 2009 13:00:31 +0000
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Finance is present in all the fields be it biotech, cement, engineering, infrastructure, etc. For any business finance is the lifeline for its working and day to day expenses. Cost and revenue attached to the business are all related to finance and proper management of finance is important for the business to operate it in a better way.

So nowadays finance is an important part of our life so it is necessary to include the subject of finance in the study curriculum so that atleast everyone should know the basics of finance.


By Darshil , CEO/MD/Director, Darshil Cotton Company  | 08 10 2009 09:25:48 +0000
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Savings, money, growth, personal finance etc. are good topics of study. These are to be taught in primary levels, at least at 10th std. as said by Mr. Padmanabhan. For a personal growth financial independance is important and foundation level knowledge makes much difference. Today we see some students spend lavishly in school/ college levels, which depicts the lack of this knowledge.

Basics of financial management should be in school curriculum.


By taranath joshi, DGM Operations, EOL,  | 08 09 2009 05:34:46 +0000
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Yes I agree with you that basic financial management should be subject in schools or universities for all.


By SATHYAMURTHY S, Director (Operatins, Treasury and Technology), PT Bank SBI Indonesia  | 06 25 2009 23:07:02 +0000
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I agree with you that atleast basic finance management should be included in the schools or college.


By SATHYAMURTHY S, Director (Operatins, Treasury and Technology), PT Bank SBI Indonesia  | 06 25 2009 23:05:37 +0000
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I agree to you...

Finance is omni present in all the transactions that happen... May be it school fees, Transportation, Marriage, Children, Retirement, etc.

Also one who are not sound in Finance do face a lot of problems, so there must be study of finance from basic schooling...


By Japan Shah, H.O.D, Oxford School of Management  | 06 19 2009 07:36:05 +0000
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yaa we teach all sought of things in school which is practically of no use once we come out of schools.with bloated egos that we are educated.everyone need to have a basic knowledge of managing finances.if everyone is a expert in managing finances what and how would a finance graduate like you would earn.why would someone pay for your skills.so schools do not teach you how to earn.and how to spend well.and how to leverage your cash.how to manage your loans.it is the school of life which would force you to learn that and if not pay for people like you to manage the finances.

our sylabus is outdated.they are not putting student to use the latest gadgets.the old style old teachers do not encourage the use of computers.when th eentire world is going and using latest gadgets and technology.you would still find parents and teachers finding fault with the use of technology to improve skills,and enhance productivity.when you come out of schools you are left with haveing very little material which is of use to you.

except for the language you learn...the rest of the things are so out dated.you would have to learn to learn and implement things on your own.and treat schools as a place were you learn to cohabit with others,were you learn to divide you time in to periods.were you are learning to work hard.were you are learning to have goals.were you are learning to finish a task in a certain time span.were you are learning to make friends.were you are leraningto travel to school each day.were you are learning to habituate your self to a style of doing the same thing for years together.were you are learning to play.

 


By sandesh saboo, Research Associate/Analyst, saboo associates  | 06 19 2009 05:28:25 +0000
2
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I think knowledge regarding the basics of financial management should be imparted at the school level, so that everyone get  a chance . Class 10 is a good option. The earlier the better.

 


By Padmanabhan R, Articled / Audit assistant, Finance student  | 06 18 2009 18:08:11 +0000
 
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