College Name | LALA LAJPATRAI INSTITUTE OF MANAGEMENT, LALA LAJPATRAI MARG, MUMBAI |
Name of the Event | Financial Education Workshop on Financial Wellness: Navigating Personal Finance in the Digital Age |
Resource Person | Dr. Navin Punjabi |
Date & Time | 29th July, 2024 1 Hour (04.00 p.m. to 05.00 p.m.) |
Faculty Incharge | Prof. Asha Varma |
Student Incharge | Ms. Karishma Arun Reddy, Ms. Rizvi Sarah Fatima Anis Heena, Mr. Shrisat Damodar Prasad, Mr. Makarand Vinayak Sherla, Mr. Shashank Vasant Shinde, |
Description | Description: Lala Lajpatrai Institute of Management collaborated with the National Centre for Financial Education (NCFE) to host a specialized workshop aimed at enhancing Financial Literacy among SYMMS (Finance) students. The workshop, titled ‘Financial Wellness: Navigating Personal Finance in the Digital Age,’ was designed to support NCFE’s initiative in promoting comprehensive understanding of financial principles. Objective: The workshop aimed to educate participants on key financial topics including identity theft protection, responsible credit card usage, principles of borrowing for education loans, strategies to avoid impulse buying, embracing cashless transactions, and effectively managing their first paycheque. By the end of the session, attendees will have gained practical knowledge and skills to safeguard personal finances, make informed financial decisions, understand loan terms, adopt responsible spending habits, navigate digital transactions securely, and plan effectively for financial milestones like receiving their initial salary. Program Flow:- 1. Introduction: The workshop commenced with the introduction given by SYMMS(Finance) student Ms. Karishma Arun Reddy. 2. Lightening of Lamp Done By: Director Dr. H.J. Bhasin, Speaker Dr. Navin Punjabi, Program Coordinator Dr. Neetu Singhwal, Finance Coordinator Dr. Kinjal Shah 3. Furthermore, an interactive session was conducted by the speaker, covering the following topics:- Identity theft protection – Responsible use of credit card – Education loan borrowing principles – How to avoid impulse buying – Let’s go cashless – Your first pay cheque The session predominantly featured personal experiences and lessons learned, followed by practical precautions recommended by the speaker to prevent financial mishaps. 4. Workshop concluded with vote of thanks presented by SYMMS(Finance) student Ms. Rizvi Sarah Fatima Anis Heena |
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