Economic growth is a password of a success for every nation. Each citizen contributes substantially for the economic growth of a nation. Understanding economic aspects is not only useful for individual growth but also it is important for the economy of a nation. Financial literacy has become an important thing for everyone. Teachers are called as an agent of social change. If teachers are aware about financial planning, they can develop awareness among their students and among masses. One must know the various saving schemes, Public Provident Funds, investment in shares, mutual funds, postal investment schemes, various loans. It is also important for all to have awareness about fraud schemes, and must know terms and conditions of investment. In our society we see many fraudulent investment schemes mushrooming. chain business, cooperative societies, attractive interest rates, money laundering. Many banks are becoming bankrupt. so, it is important to invest our money wisely and be aware of financial scams.