Efficient Use of Pocket Money

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Most of the students get some pocket money on daily basis, on weekend, once a month or may once in 2 months. But many of them squander on material things which are a white elephant.

In schools, there should be sessions on these types of topics so that they should be aware of investing money efficiently. They should be taught how to save money in piggy banks so they used it on an emergency. Or invest in something important they want to buy without the help of parents.