International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Volume 7 Issue 4
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The Impact of Early Financial Literacy Education on Indian Teen Spending Habits

Author(s) Ms. Lisha Gupta
Country India
Abstract This research paper explores how early financial literacy education impacts the spending habits of urban Indian teenagers. As adolescents begin to gain financial independence often through allowances or part-time income they are faced with choices that shape their lifelong money habits. Drawing from global and Indian research, the paper examines how early exposure to core financial concepts such as budgeting, saving, investing, and credit management can foster more thoughtful and responsible financial behavior. It also investigates the significant influence of family conversations, school initiatives, peer dynamics, and digital platforms on teens' financial decisions. In India, particularly in urban settings, teenagers are increasingly exposed to consumer culture through social media, advertisements, and peer influence, yet many lack structured guidance on how to navigate financial decisions wisely. The findings show that when financial education is introduced early especially in an interactive and relatable way teenagers are more likely to develop habits such as mindful spending, goal-oriented saving, and caution with credit. This study highlights the need for schools and communities to move beyond theoretical lessons and adopt practical, engaging approaches to financial literacy. By doing so, we can empower the next generation with the skills and confidence they need to make informed financial choices and build a secure future.
Keywords Financial Literacy, Urban Indian Adolescents, Budgeting and Saving, Early Financial Education, Digital Consumerism, Parental and Peer Influence, Youth Financial Behavior
Published In Volume 7, Issue 3, May-June 2025
Published On 2025-06-30
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E-ISSN 2582-2160
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