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Abstract
National Financial Educators Council (NFEC) of USA suggests that Financial Literacy refers to “possessing the skills and knowledge on financial matters so that effective actions can be taken efficiently that best fulfills first an individual’s personal and family goals, thereby meeting community goals at large” Thus, Financial Literacy is a combination of financial awareness, knowledge, skills, attitude and behaviors’ necessary to make sound financial decisions and ultimately achieve individual financial wellbeing. Of course, saving is income not spent, deferred consumption or the approach by which the money is kept aside for having a return expectation in future comparatively lesser in comparison to investment and Investment may be defined as the process of purchase of financial instruments or other items of value with an expectation of favorable future return as defined by investorwords.com.