Hyderabad|India|February'2010:
Akaash Deshmukh of Class 12 (Commerce) of city’s Abhyasa
Residential Public School has bagged the first prize in the
YoungBull$ Money Challenge 2009. He emerged first competing with
schools from 13 states across India. Akash Deshmukh also won a cash
prize of Rs.3000/-. Along with him, Priyank Bharat Shah and Sunil
Bandi won consolation prizes.
In addition, their school Abhaysa Residential Public School has also
been awarded as the Best School for its Contribution for Financial
Literacy with a cash award of Rs.2000/- by YoungBull$ Education.
Abhyasa has been a valuable partner with many organizations and
always is praised for its commitment shown for her students’ overall
development.
YoungBull$ Money Challenge is a competitive exam conducted by Mumbai
based Young Bulls Education which is into a project to educate the
students on financial literacy. As a part of this programme, Young
Bull education has conducted Money Challenge 2009 across classes 7
to 12. It is a simple objective type diagnostic test.
All Enrolled students for the exam are given a free work book. The
workbook will give them a fine understanding about how money works.
It contains the basic terms, definitions, concepts on which Money
and the Finance markets function. It gives a healthy introduction to
subjects like Banking, Finance, Investing etc.The workbook also has
a set of model question papers with answers worked out. The
YoungBull$ Money Challenge question papers are suitable for children
following CBSE/ICSE/ISC and other various State board syllabi.
The important difference is that it helps children acquire important
Life Skills, that he/she can use throughout one’s life. When it
comes to Money, even adults make mistakes often. It is better to
teach children from a young age to handle money with respect.
Children are quick learners. When we train young children in good
habits it stays with them for life. Likewise, good Money Habits
inculcated early in life help them from making money mistakes later
on. They become financially wiser and stronger.
The purpose of conducting this Challenge is to ingrain better money
skills to children from a young age and to empower them to make wise
financial decisions later on in their life. Young Bull Education
praised that Abhyasa students are taught the skills in a much better
way when compared to other schools and performed very well across
all the classes.
We all handle Money in our daily life. Each one of us is forced to
make major financial decisions every now and then. Money is the
pivotal point around which global economy revolves. Even with all
this knowledge, do we ever really take the time to understand money,
what money is, how it works? As parents, we spend a lot of time
researching the best System of Education and finding a good school
for our children. We insist that our children study all the
formulae, theorems and poetry. Is it not imperative to teach our
children about Money, something which they are going to use everyday
of their life? Today’s children get to handle a lot of money. Often,
they don’t appreciate the value of money. They don’t realize the
difficulty in earning, saving, investing and creating wealth.
YoungBull$ Education believes that children should be made to
understand the way Money works, the science behind Banking, Finance,
Investing etc., It believes that understanding Money and the Finance
markets is not very difficult. It is not ‘rocket science’. It does
not need any special degree to
to study it.. |
