As students transition from adolescence into independence, gaining a grasp of financial basics becomes critical. According to experts, financial literacy is “an essential life skill” comparable to reading and writing—yet many schools still don’t teach budgeting, credit or investment.

Why does it matter? Studies show that students taught personal finance are more likely to build emergency savings, make informed borrowing decisions and avoid high-interest traps.Understanding how to manage credit, compare prices and budget effectively correlates with more responsible financial behaviour and greater wealth accumulation,

Beyond personal benefit, financial literacy anchors broader economic resilience. By teaching individuals how to navigate debt, recognise scams and plan for the future, it supports better decision-making across households and communities.

For students facing tuition costs, living expenses and early career decisions, financial literacy isn’t optional—it’s foundational. The sooner they learn how to spend, save, invest and borrow wisely, the stronger their long-term financial footing will be.