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Smart ways to be financially aware

April 15, 2009

Everyone today is obsessed with fitness: physical and mental. However, there is another type of fitness which is equally important -- financial fitness.

When we talk about financial awareness or financial education what are we actually talking about?

Financial education can be defined as the process by which financial consumers/investors improve their understanding of financial products, concepts and risks and, through information, instruction and/or objective advice, develop the skills and confidence to become more aware of financial risks and opportunities, to make informed choices, to know where to go for help and to take other effective actions to improve their financial well-being.

So how can you make yourself financially aware? Find out now!

Text: BankBazaar.com

Illustrations: Dominic Xavier and Uttam Ghosh

Also read: India, Asia's 4th most corrupt nation
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