INTRODUCTION

The world economy has developed rapidly in the late 20th century, with this the usage of money. what exactly is money? Money is a medium of exchange that allows for immediate transaction and liquidity. this allows ease of trade. With the existence of money comes the question of how to manage money efficiently? This important question should be asked to the younger generations of today's world since they are the ones who will be entering the outside world. They will get real jobs and will receive wages from which they have to acquire shelter and food. From all of this comes the most important question, How to manage money efficiently?

Hey! My name is Skandha and my personal project topic is the Importance of personal finance. I have always been curious about business and finance and this has allowed me to acquire various skills that will help me manage money efficiently in the future. However, this has not been the case for everyone and I have seen many of my peers spend money recklessly which essentially had caused me to ask why a majority of the youth lacks what we call personal financial literacy. This is because financial literacy is not given any importance in academics causing many students to be very incompotent when first managing their own money. Essentially we all will start earning our own wages and these skills will be of much importance then. The personal project is a vehicle that has allowed me to delve deeper into this topic and spread awareness on some basic personal finance topics.