Against the backdrop of people increasingly falling prey to financial scams, the draft of the Kerala Curriculum Framework on adult education and continuous education has emphasised financial literacy for them.
The draft framework, released by Minister for General Education V. Sivankutty here on Monday, says financial literacy is necessary for all, as it teaches one how to use wealth correctly. As the foundation of financial literacy is spending according to one’s income, without such knowledge, individuals and families will be unable to earn any wealth.
Priority in utilisation of money is a critical aspect of financial literacy. It will help plan family budgets and regulate income and expenditure.
