If You Are Bad at Managing Your Money, Watch This

Not able to save your money? Find out if others can

How much do young people really know about finance and investments?

(Photo: The Quint)

So my month always begins on a really good note, I have enough money to go to a really nice restaurant or to the mall, pick up what I want, basically spend on whatever I like. But at the end of every month, I end up with very little money. Last month I ended with only hundred rupees.

So, I’d been telling myself for a while that I should put aside a small amount, maybe 5,000 rupees in a savings account, but that never ended up happening because I spend on food, travel etc. And most importantly, because I don’t do what my father asks me to do every week, which is to actually check my bank balance, I never know how much money I’m spending and how much is left in my bank account.

So, a friend told me - why don’t you start by putting your money into an SIP, and I was like, what’s that?

And then she threw words at me like ‘FD’ and ‘mutual funds’ and ‘PF’ etc. and I was just really lost. I realised that I knew nothing about the world of savings and investments. But I don’t think I’m alone in this and I think a lot of us are really struggling with money management, which is why I decided to see if others are also sailing in the same boat as I am and I decided to start with my colleagues by quizzing them on some basic financial questions. I also went onto the streets and spoke to a bunch of random strangers about their knowledge of basic finance and investments.

Find out how these guys performed in the video!

Camera: Sanjoy Deb
Assistant Camera: Gautam Sharma
Video Editor: Veeru Krishan Mohan
Producer: Nandakumar Rammohan