Why Managing Finance Is Important

The present condition of the world’s economy is in depression due to the Covid-19 pandemic first and then Russia Ukraine War. The countries with huge financial resources and sharp-minded economists easily cope with the sudden decline in the economy. While on the other hand, the under-developed countries bear so much loss and eventually become bankrupt. Sri Lanka is the present example of a bankrupt country because they do not make any strategy to handle to pressure on the economy.

The same is the case for a single individual who does not manage their finance well, there is the possibility of multiple hurdles in life. Nobody knows what is going in happens in the coming future so, everyone should be aware of un-avoided conditions in life and should cope with them by managing finance in a good manner.

The national financial awareness day is celebrated on the 25^th of April with the general message of getting financial independence and knowledge sharing about managing money in a good manner. The concept of financial independence is to get enough finance from assets that cover all the costs and expenses of life.  

It is also meant that financial independence gives freedom from working under someone and hence all the opportunities open up in front. And the main purpose of observing this day is to help and motivate people to attain independence in financial matters.