[Dhiraj]

The Bar chart above is illustrating the amount spent in Millions of Ponds on the Fast food consumption in the United Kingdom, there has been data provided for three income groups that is High Income, Average Income and Lower Income; the fast food items which are taken for comparison are Hamburger, Fish and Chips and Lastly Pizza.

Overall, the hamburger consumption is much higher for the High Income group compare to the Average and Lower Income group; High Income group spend almost triple of the amount they spend on Fish and Chips or Pizza.

With regards to the fish and chips the consumption of it is more in the average income group compare to the other two income class, the consumption is average income group is 25%, whereas, Higher and Lower income groups are contributing there 16% and 17% of their spending on the fish and chips.

However, Pizza is not having that much importance in the lower and average income group compare to the other two junk foods; as we can see the that lower class spends only 7% of their total expenditure where as higher income group spend nearly three times at 19% on the Pizzas.

[Dhiraj]

The given Pie chart is information for the methods of transport used to travel to university for work or study between the two years.

We will illustrate and compare the changes in the modes of transport for travel; The units of measurement are used in percentile.

During the year 2004 almost half of the people were travelling by Car to the university, however, the same no has been reduced by nearly a quarter and only 28% people took car to reach university. The reduction of the car travelers has been distributed among the four other means of transport.

The majority of people started using public transport and the share of Bus usage increased from 1/3rd in 2004 to 46% in 2009 i.e. increased by 13%. Secondly, the people started using Bicycles as well, as we can see the ratio of bicycle users has increased by 7% which was less than 1/10th in 2004 increased to 16% in 2009. There has been marginal increment in the usage of Train and walk as well these both have been increased by 1% and 2% respectively.

[Dhiraj]

The financial literacy is the essential for each individual’s life, if we introduce in the student’s curriculum it will help them to manage their finance in well planned manner, I will discuss the advantages of the money management in the following paragraphs.

Money management is something which not everyone gets to understand easily however if we start teaching our kids about it from their high school age it will help them to manage their finances over a period and they can excel well in this era; financial literacy also helps them to understand the value of money, methods of savings, tax planning. If the young generation starts savings at the early stage they can create wealth over a period with the compounding of their savings, Apart, from this the savings habit will also help the national GDP to grow.

There is a great saying from renowned investor Mr. Warren Buffet that “if you buy the things you don’t need today; you have to sale the things you need tomorrow”. So with the higher saving there is purchasing power however if we teach them at early age these individuals will not spend money on the unnecessary things which they don’t need. If the student’s start’s saving from early of their career they can create wealth over a period of time, the same will be helpful for them during the hardships of their life.

To conclude the above, I agree that if the financial prowess is introduced in the school level, it will drastically change the society over a period of time; financial independence also brings joy and pride in individual’s life.