• Om patil

Financial literacy is the knowledge, skillset, and attitude an individual has that allows him to adopt good money-management practices useful for earning, spending, saving, borrowing, and investing. It is the ability to understand the basic principles of business and finance. Therefore, there is a need for people to understand how the financial system works and how it can be beneficial for them. Studies conducted by Sandra J. Huston and her research team at Texas University looked at seventy-one individual studies drawn from 52 data sets with the majority of sample size being students, have shown that the majority of the participants, including entrepreneurs and investors, do not understand what financial literacy means. The study also shows that people have made significant financial decisions without having all the required information to justify it. They rarely set time aside to actively seek knowledge of finance management beyond what they already possess. Research has also found that the majority of the educated people lack the most crucial financial information, including management of their money, efficient management of their bank accounts, and the ability to shape a secure future like their retirement plans.

"Gamification of financial literacy for kids", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 7, page no.d124-d161, July-2021, Available :http://www.jetir.org/papers/JETIR2107407.pdf

"Gamification of financial literacy for kids", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 7, page no. ppd124-d161, July-2021, Available at : http://www.jetir.org/papers/JETIR2107407.pdf