India's 75% population don't have basic and essential knowledge of finance. On top of that average Indian earns about only Rs370/day but 3/4th population earns 1/3rd of the money which means that they earn less than Rs 170/day.

So in these tough conditions, knowledge of money management and personal finance become more important.We need to learn about calculating financial risk and taking proper decisions to achieve maximum success without endangering our financials.

And it is not just poor need to care about financial literacy but also the rich ones too. We have heard so many celebrities or successful people who are in so much debt just because of bad decisions they made in their early years.

"Sometimes to live a better life, professional skills & degree is much less important than having a little knowledge of finance so that if not better but we don't make poor choices and ruin our life".

A Indian case study of major financial mistakes made by people