Managing money: What students, young professionals need to know

Updated - March 09, 2026 01:12 pm IST

Students with robust money management skills are better able to handle unexpected costs, evaluate job offers wisely, and plan for long-term aspirations like advanced education, travel, or entrepreneurship. | Photo: iStock/ Getty Images

Students with robust money management skills are better able to handle unexpected costs, evaluate job offers wisely, and plan for long-term aspirations like advanced education, travel, or entrepreneurship. | Photo: iStock/ Getty Images

In a world dominated by digital payments, easy access to credit, and rising education costs, financial wellness has become a vital life skill for students. Many young people enter higher education lacking basic financial knowledge, often unprepared to manage expenses, loans, or savings.

This knowledge gap can lead to poor money management, resulting in stress, long-term debt, and a decline in academic performance. For students, gaining financial literacy is an investment in self-reliance and stability, creating opportunities for independence and career readiness.

Students with robust money management skills are better able to handle unexpected costs, evaluate job offers wisely, and plan for long-term aspirations like advanced education, travel, or entrepreneurship. For educators, embedding financial wellness in higher education is both a responsibility and an opportunity. Teaching practical financial skills alongside academic content ensures that students graduate not just career-ready, but life-ready as well.

To discuss the topic, The Hindu will host a webinar, ‘Managing money: What students, young professionals need to know’, on March 14, 2026 at 5:00 p.m. Register now for free to ask questions and interact with the panellists. The three best questions will receive a free online subscription to The Hindu.

(For any feedback or suggestions, reach out to us at education@thehindu.co.in)

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