India, April 4 -- An important stage in a student's path is the change from school to college or the workforce. At this point, students begin to make choices on their own regarding their lifestyle, education, and jobs. However, financial education-the capacity to comprehend investments, handle money sensibly, and steer clear of financial pitfalls-is one element that is frequently disregarded.

Students start managing their finances after the 12th grade, including everyday expenses, books, college fees, and housing. If they lack financial literacy, they can have trouble creating a budget and cutting back on wasteful spending. Financial stress can be avoided by learning to track spending, save money, and create a budget.

Many students util...