Abstract : Money makes the mare go’ is a very common saying. Financial planning is important to an individual and greater still to a government. The importance of public finance arises from the increasing functions of the state. Financial planning supports and encourages all activities related to consumption, production, exchange, and distribution in the economy. It allows the consumers to optimize their contentment. It gauges the level of desire and the usefulness of a product for the household. It serves as a pivotal social tool that significantly enhances the prosperity and well-being of families through wealth accumulation. It guarantees the seamless operation of the family’s economic structure. Financial planning plays a significant role in the process of building capital and driving the economic growth of a family. It guarantees the seamless operation of the family's economic structure. Financial planning entails clarifying the objectives of consumers by grasping their financial situation. It implements strategies to make progress toward achieving objectives. Financial planning experts are available to assist consumers with a range of requirements, such as budgeting, managing investments, and planning for retirement.
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Cite : Prasuna, V. (2025). Financial Literacy And Consumerism (1st ed., pp. 126-141). Noble Science Press. https://doi.org/10.52458/9789349381636.nsp.2025.eb.ch-08
References :
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Dewett, K.K. and Navalur, M.H. (2012) Modern Economic Theory. Shyam Lal Charitable Trust, New Delhi
