Std 7 Financial Literacy (Dated: 28-09-2024) Financial literacy is a vital life skill that empowers individuals to manage their finances effectively. Teaching financial literacy to students, especially from a young age, lays the foundation for: Budgeting and saving, Needs vs. Wants, Earning and income, Spending and expense tracking, Banking and financial institutions, Credit and debt management Investing and wealth creation, Financial goal-setting etc. Students of Class 7 learnt about finance and its importance in their life in this club.