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Amid online noise, schools teach students real financial sense

ccording to teachers, the students hang on to every word discussed in their finance lectures. Tardeo resident Reshma Poojari says that her younger daughter, who studies in the third grade, asked about the family budget when  they were buying her a gift

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Students from Pawar Public School, Bhandup, and (left) Mumbai Public School, Pratiksha Nagar, learn about finance

Students from Pawar Public School, Bhandup, and (left) Mumbai Public School, Pratiksha Nagar, learn about finance

While influencers, podcasters, and finance gurus flood the internet with fiscal advice, sometimes contradictory, students have found respite in the streamlined education within their classrooms. Several schools around Mumbai, be it state board or international institutions, are finding innovative ways to initiate their students into the ever growing subject of financial literacy.

Tours to the RBI, crowdfunding social causes, make-belief banking with monopoly money — all these novel activities have found their place within the classroom. Taking steps to strengthen fiscal education, the Finland International School runs a programme on phenomenon-based learning, where students are exposed to real-life hurdles which they are soon to face after school. “Be it piggy banks or barter system, students already deal with money from a young age, so why not educate them about fiscal responsibility?” says Fatema Agarkar, School Board Advisor and Mentor to Finland International School.

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