Expert Talk Feb 2026
Wise Financial Decisions
You have begun to learn to make sensible financial choices , as adults do. One day, your elder cousin tells you that he nearly did something stupid by buying a video game with his pocket money frantically because he had not thought. Later, he did not know that he would require some money in school to buy supplies and snacks.
This gave you an understanding that you make choices concerning your life every day; these choices may be as simple as what you do with your rs. 200 pocket money and these life choices can impact you today and in the future. You choose then to find out how to become better with money choices.
Types of Insurance
You are visiting your grandparents’ house in your village, along with your mother and father. You usually go by train but this year the tickets were sold. So now you’re catching a connecting train to another town (which is on the way). You will stay there overnight and the next day you will take a bus to your village. Since you are visiting them after 2 years you are also carrying some expensive gifts for them and the villagers.
Spending plan and Budgeting Project
You’ve just received Rs. 2000 from your parents to buy all your school supplies for the next term — including notebooks, pens, a new backpack, lunchbox, water bottle, and even some fun stuff like stickers or a cool pencil pouch.
Your best friend, Ravi, got the same amount, but he went straight to the market without any plan. He ended up buying too many things he didn’t really need — like three different highlighter sets, a fancy notebook he barely uses, and even a snack he saw on display. By the end of the day, he realized he forgot to buy his science textbook cover and had no money left for savings.
This made you realize something important — spending money wisely isn’t just about what you want now , it’s also about planning for what you’ll need later .
Needs vs Wants
Guidelines
Guidelines for making the most out of this project!
- Don’t be afraid to think out of the box, use your imagination.
- There is no word limit, but keep it short and to the point.
- DO NOT COPY STRAIGHT FROM GOOGLE.
- There are NO RIGHT OR WRONG ANSWERS, you can decide what you think is right
- Please add the names of websites/books or any place you have collected information from in your references section.
GOODLUCK!
CASE STUDY
You love video games and always wanted the latest phone, even though you already have one that works just fine. One day, your parents take you shopping for school supplies — and you see a new pair of shoes you really want, even though your current ones are still in good condition. At checkout, your mom reminds you that you’re only allowed to buy what you need , not just what you want . You’re disappointed, but that night, your dad tells you a story about how he once bought something he wanted — but later wished he had saved that money for something more important. This makes you think: Why do we want things we don’t need? And what happens when we learn to tell the difference? You decide to track your own spending for a week — and learn how to make smarter money choices .
Monetary goals
You have decided that you want to become more responsible with your money. You’ve heard from your parents that setting goals helps people save and spend wisely. So, you’re planning to set some goals for yourself — both short-term and long-term — so that you can buy things you want, avoid borrowing money, and maybe even help your family one day.
Building an Emergency Fund
You have been reading how necessary it is to be prepared in moments of surprise in life. Your uncle tells you one day about his friend who had an emergency, his laptop was damaged before a major presentation at the workplace, and he had to purchase a new one immediately.
This was an eye opener to the fact that even children have emergencies -such as misplacing your school bag, breaking your spectacles, or being in need of some urgent medicines. And now, you are wondering how you can be ready in case of similar eventualities by setting up your own emergency fund .
Wealth Wizards Competition 3.0
Date – 8th September, Monday 2025
Time – 10AM – 4PM