Getting into wrong long-term financial obligations like insurance can severely damage one’s financial position. When I was a student, my peer group and I did not have such a personal finance assessment available to us. So, the sooner you start on the road to financial literacy, the better it is for you. There is limited upside for you if you start learning and implementing your financial literacy skills after you are 35 years old. Lastly, if you want to check out your personal finance IQ for free, you can participate in the Youth Money Olympiad (http://bit.ly/ymo-hindu).

Source: The Hindu March 12, 2017 11:40 UTC