Mastering Money: Why Financial Literacy Matters for Everyone | Surya Prasad Neupane | Sarthak Shikshya

In this video, Mr. Surya Prasad Neupane, Chartered Accountant and Certified Management Accountant, shares valuable insights on the concept of financial literacy and its significance in both individual lives and the overall economic development of the country. He explains that financial literacy is not just about how much money one earns, but more importantly, about how that money is managed, spent, and saved strategically daily. Without proper financial knowledge, people often fall into the habit of spending thoughtlessly, missing the opportunity to build long-term financial security.

Mr. Neupane highlights that true financial freedom is achieved through disciplined money management and smart investments. He stresses the need to bring balance between spending on essential needs and saving for future goals. He provides practical examples demonstrating how to plan expenditures, set aside savings, and make informed financial decisions that lead to stability and freedom, even in times when there is no active income source. He also mentions factors that greatly influence how people perceive financial security, savings, and investments. These differences reveal the need for a more systematic approach to spreading financial awareness.

Mr. Neupane also clarifies the distinct roles of Chartered Accountants and Certified Management Accountants and concludes by emphasizing the need to include financial literacy as part of the school curriculum, as it equips the younger generation with essential life skills to plan, save, invest, and spend wisely for a secure financial future.