Category: Financial Learning

If you are thinking a year ahead, plant a seed…If you are thinking a decade ahead, plant a tree…but if you are thinking a century ahead, educate the people.A famous adage in Hindi goes like this. Poot sapoot to kyun dhan sanchay? Poot kapoot to kyun dhan sanchay? Simply put, it means, if your offspring is good, what is the need of hoarding money for them, because they would be capable enough to earn and save for themselves. On the other hand, if the offspring is bad, even then what is the need of hoarding money, as whatever is saved by parents, making sacrifices, would anyway be squandered by them.

Talking of money reminds me of this famous song by ABBA:“I work all night, I work all day, to pay the bills I have to pay
Ain’t it sad And still there never seems to be a single penny left for meThat’s too bad Money, Money, Money, ain’t it funny? It’s a rich man’s world.”
Yes, money is important, as equally as money management is!Pocket Money, as the name suggests, is nothing but money for the pocket…the dictionary meaning – a small amount of money given to a child by the parents, typically on a regular basis, suitable for minor expenses.
There were days, when kids were given piggy/kiddy banks with a hole to drop in coins and save money.