FinQuest · Field Note 02 · Mumbai
Our First FinQuest Sulabha Session
Savings, investment, budgeting, and the first step in a much larger journey.
This session marked the beginning of FinQuest’s journey, as well as the beginning of FinQuest’s sessions at the Sulabha Trust here in Mumbai.
Brief about FinQuest
FinQuest is a student-led initiative that 3 of my classmates and I are Co-Founders of. Our mission is to spread financial literacy across India through any means possible.
“Our mission is to spread financial literacy across India through any means possible.”
Right, now that we have that out of the way, we can continue speaking about this session. Here, we centred the session around the topic of Savings and Investment. Our audience comprises of parents of students in a special school named the Sulabha Trust. These parents come from a lower socioeconomic background, and therefore tend to lack legitimate and useful financial education and literacy.
Hence, since this was our first session, we decided to speak to them about something which is common and popular in the world of personal finance; saving and investing.
We began by speaking to them about budgeting and its importance. And towards the end, we also discussed certain government policies which might be useful for them.
This includes the Jan Dhan Yojna (PMJDY) and the PMJJBY & PMSBY Insurance.
Budgeting
PMJDY
PMJJBY & PMSBY
04 / What stayed with us
Overall, the session went really well.
A lot of the parents were extremely attentive as well as interactive with the questions. Another thing that felt truly awesome was not only sharing our own experiences, but also hearing them share theirs with everyone.
