The Department of Business Administration organized a seminar on the topic “Financial Literacy – From Pocket Money to Prosperity: A Financial Toolkit for the Future” on Saturday, September 13, 2025, in Lecture Hall No. 5 at 11.30 am. Mr. Karthik K. Kamath, Research Scholar at the School of Humanities, Social Sciences and Management, NITK Surathkal, Mangaluru, was the resource person.
He said that it is better to start saving practices early. Since the state of the economy is changing rapidly, the 50-30-20 rule (50% for needs, 30% for wants, and 20% for savings) should be followed to reduce the tendency to withdraw money from one category for another. Keeping 30% aside provides the flexibility to enjoy life as per one’s choice. This kind of financial discipline must be developed in the early years of earning in order to meet the unforeseen uncertainties of life.
He also explained the various avenues for investing funds such as bank deposits, Post Office schemes, LIC, term insurance, mutual funds, futures, options, and gold bonds, and highlighted the relative risks associated with each. A total of 58 students of BBA participated in the seminar.
Report by,
Mrs. Seema Prabhu S
