According to a recent survey undertaken by the Securities and Exchange Board of India, only 27 percent of India's population is financially literate. Most of the people in our country don't know basic financial concepts and are unable to unlock the full power of money. It is so easy for people to mismanage their money and they end up having no savings in their bank account. While living in Delhi I spent around 21K in a month which was way beyond the average expenditure. This made me realize how incompetent I am in handling my money and how little knowledge we are provided about this. Since then I have started tracking my expenses which has helped me in cutting down my expenses and have some savings.