HOW MUCH DO YOU LOVE YOUR MONEY? Enough to die with Money in your bank, Its weird question I know. I ask this because a lot people die with a huge amount of savings in the bank. Money that they worked really hard to earn, money they cut many corn,ers to save, money they never really got to spend. Do you know how much 18,830 crore rupees is lying unclaimed in indian banks. This is as of 2019 , who does this money belong to; People who have not claimed it in more than 10 years many of them may be dead and many others may have no inheritors. Why did they save up so much money if there was no way they could spend it or pass it to another generation. A survey found that most people save up or build assets, if they can even in retirement. Why do they do so for unforeseen costs said 40% of the repondents legacy said many some said having money in the bank made them feel better. A handful of them said they were scared they may run out of money, if they started spending. 20% said they do not want to spend money even in retirement because money once spent cannot be recovered. Here's an unpopular question why earning money, if you cannot spend it. What if someone told you that you can save enough money without being needlessly frugal. Hello and wellcome to my blog sites and this is India a country where at least 75% of the population is literate but only 24% of the adult population is financially literate meaning only 24% of indian adults understand the fundamentals of saving, investment, debt and budgeting. Where 50% of Indians save 0% to 20% of their earning salary then there are Indian who contribute to the 18,000 crore plus rupees laying unclaimed in banks by saving too much and dying with money in the bank.  We are either overspending or over saving. We don't know how to handle our money better, The answer to that lies in our school classrooms. In class 8 we are taught how to calculate cost price and selling prices, we are taught how to find answers like how to calculate simple interst by multiplying P*R*T/ 100 and this sums up our financially literacy. We know theories but not the application, we are taught calculation but not how to make decisions in money matters. We take money related calls everyday how many times a day do we calculate of a triangle or the value of x. Today in Maharashtra on 17% of the population is finacially literate, 32% in delhi, 21% in West Bengal, 4% in Chhattisgarh, 20% in Assam, 8% in Bihar and 10% in Arunchal Pradesh..ect Overall the Financial Literacy rate of India is 24%, China's 28% financial literacy rate is just as bad, Russia 38%, Brazil 35%, South Africa 42%. BRICS is a mess when it comes to financial literacy. Developed countries aren't much better off 38% of US households have credit card debt,  33% of American adults have saved zero dollars for retirement, the lack of financial literacy is a global problem, Most of us end up turning to our friends and family for matters of personal finance. Many of us do not even know anyone who knows finance. What should we do to fix the basics, the answer again lies in our school classrooms. It's there that we hould start talking finances. We must include financial literacy in school curriculum. It will help people understand economics, understand loans, interest, investment, Budgeting. Today many student take high interst loans for college, spend much of their salary repaying debt. They fail to save take credit cards to meet their expenses and get trapped in a cycle of borrowing and paying off. Today the concept of budget is alien to many millennials, even older people it's hard for most people to follow simple steps like determining income, calculating expenses setting realistic saving goals and tracking them. A survey found that 72% of Indians are unaware of how much to put aside or invest in order to achieve financial freedom. 76% said that there's a need for more education in the financial planning space, 51% of millennials said that their level of personal finance knowledge is holding them back from making financial progress. Financial literacy helps you make that progress. It helps you maintain a healthy credit score in many countries it is hard to even get a rental apartment, if you do not have a good credit score. Recruiters too take credit scores into account, financial literacy can also improve a person's standard of living estimates say that you need at least one million dollars to retire. This is if you want to live 30 years without working financial literacy can help you make smart investments without having to be frugal. You see the key to a good life is not saving aimlessly, it is smart investment, if you're worried about future medical expenses take life-term insurace that include medical covers. The expert say's start investing early diversify your portfolio divide your goal into short-term and long-term. A vacation or a new fridge could be a short-term goal retirement and a house in the hills is a long-term goal. Your child's college and bequest again your long-term goal. This is just the tip of financial literacy. It's a subject that we must all deep dive into and now is the time to start. We've all heard stories about covet victims who have passed away leaving behind a pile of debt for their families and many have mortgaged their family homes, many their cars and business, financial planning can help avoid such crises and more and more countries are now realizing this, In the United states 21 states have compulsory financial literacy, New Jersey is the latest. In Australia financial education has beeb embedded in school curriculum. Russia has introduced financial education programs for students of class 2- 11 but the two countries that take the most pride is their education sytems. India and the United Kingdom are yet to push for mandatory financial literacy programs. What should you do from a country that does not offer financial literacy in shool, go online there are many courses on fundamental finance many of these courses are free, no matter what your age is it's never too late to learn. Educate yourself and educate others see how to maximize your saving, secure your tomorrow without compromising on your dreams today.