UPI

Rohan, a 13-year-old student from Jaipur, was visiting his cousin Neha in Delhi during the summer holidays. One afternoon, they went to a street food market. After enjoying a plate of momos, Neha wanted to pay the vendor. She didn’t carry cash, so she took out her phone and paid ₹80 using BHIM UPI.

Rohan was surprised. He had never used UPI before and thought it was only for adults. Neha explained how her parents had helped her create a UPI ID linked to her bank account. She showed Rohan how to scan a QR code, enter the amount, and make the payment using a PIN.

Later, Rohan downloaded a UPI app under his parents’ supervision and successfully linked it with his minor account (enabled by his parents). He started using UPI to buy stationery, recharge his mobile, and even split bills with friends — all digitally!

Shift towards Discounts, Referrals and Loyalty Programs

Ravi, a 12-year-old, has saved up ₹1500 from birthday gifts and festivals. He wants to buy a smartwatch. While browsing online, he sees different offers—some with cashbacks, others with loyalty points, and one store gives a referral bonus if he gets a friend to buy too. Confused, Ravi discusses it with his elder sister and starts comparing the offers. He wants to make the smartest financial decision, not just the cheapest.

Opportunity cost, Scarcity and Time Value of Money

Ishita is a 12-year-old girl who recently got ₹500 from her grandparents for her birthday. She’s really tempted to buy a fancy pencil case and glitter pens for school, but she also wants to save the money for a painting class she’s been dreaming about.
She’s confused because if she spends now, she won’t have enough later. Her school teacher recently spoke about how our choices come with a cost – especially when we can’t have both things at once.

Online vs Traditional Banking

Anika, a 13-year-old student, recently opened her first savings account with the help of her parents. While visiting the bank, she noticed many adults using their phones instead of coming to the counter. Curious, Anika started exploring mobile apps and online banking services. Her parents are hesitant but want her to learn about both digital and traditional banking safely and smartly. Anika now has to decide how she’ll manage her money – whether to go digital or stick to traditional ways.

Investing Money through SIPs

Aditya, a 12-year-old student in Grade 7, was passionate about coding and animation. He dreamed of owning his own laptop so he could practice and create small games. His father promised to help him but said, “You need to save and contribute at least half the cost.”

The laptop cost around ₹60,000, and Aditya had 4 years until high school to save. He received ₹1,000 as monthly allowance. His elder cousin, who had learned about investments in school, advised him to put part of his allowance into a Systematic Investment Plan (SIP).

Aditya decided that he could save around Rs.500 each month from his monthly allowances by cutting on his expenses and invest the same in SIP to buy his dream laptop and yet be left with a little savings.

Introduction to investment

Aarav is a 10-year-old who loves making lemonade. Every weekend, he runs a small lemonade stand outside his house. He earns some money and saves it in his piggy bank. One day, his cousin tells him that keeping money in a piggy bank might not help it grow. Curious, Aarav asks his parents how money can “grow.” His parents introduce him to the idea of investing — like putting money into mutual funds, stocks, or gold. Aarav is excited but also a bit confused. Each option seems to come with its own set of risks and returns. Aarav wants to figure out which investment might work best for his goals — buying a bicycle and maybe even starting a bigger juice business!

Globalization in the Digital World

Ravi is a 13-year-old living in a small village in India. Recently, his village got access to a government-funded digital education program. A local official explained that the project was funded through public spending approved by policymakers. Some villagers were excited, while others were worried about rising prices and whether the funds could have been used elsewhere. Ravi is curious: how do government decisions, international trade, and digital changes affect people like him?

False Advertising and One time spends

You recently received ₹1000 as a gift for scoring well in school. While scrolling through social media, you see an ad for trendy sneakers that many influencers and even your classmates are wearing. The shoes cost ₹999.

At the same time, your science teacher announces a weekend robotics workshop at school for the same price. You’ve always been interested in robotics, but the shoes look really cool and everyone is talking about them.

You are confused as you can only choose one.

Wealth Wizards Competition 3.0

Date – 8th September, Monday 2025

Time – 10AM – 4PM