Financial Literacy for Software Developers

Finalcial literacy for software developers

1. Why We’re Earning More but Saving Less? By:J.A.L.S.Dewmini

2. Ever looked at your bank account and thought — ‘Where did all my money go? Household Saving Rate in Sri Lanka decreased to 23.80 % in 2023 from 25 % in 2022. source:  Central Bank of Sri Lanka

3. Name: B.Virupasan Age: 36 years Status: Married Salary Range: Above 200k Summary of Findings: Pension Plan available, No savings, highly depend on Credit card Aware about the investment options but it is difficult to allocate money as income rises, spending habits expand. Name: Timali Lankage Age: 34 years Status: Single Salary Range: Lower 100k Summary of Findings: Investment Plan available Aware about financial literacy. There’s backup money Plans Name: Gimhani Kavindya Age: 25 Years Status: Single Salary Range: Lower 50k Summary of Findings: No Savings. The salary is just enough for pay bills, rent, Transport and foods. Not interested in financial Literacy Collected Data

4. Statistics Revenue Growth Return on Investment 10% Customer Acquisition Cost 20% Customer Satisfaction Statistics

5. Statistics Revenue Growth Return on Investment 10% Customer Acquisition Cost 20% Customer Satisfaction Statistics

6. Problems Identified Lifestyle Inflation 01 02 03 Social Pressure and Comparison Culture Lack of Financial Literacy

7. The Impact The Impact

8. Recommendations Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam laoreet risus fringilla, egestas elit a, consequat augue. Phasellus sollicitudin felis mi, quis egestas ex ornare sed. Start with awareness. Use apps like Mint or Spendee to track every rupee or dollar. Create a budget that works. It doesn’t have to be strict — just realistic. Follow the 50-30-20 rule : 50% needs, 30% wants, 20% savings. Invest in yourself. Read books like The Psychology of Money by Morgan Housel or Rich Dad Poor Dad by Robert Kiyosaki. Learn basic investing. Start with index funds or mutual funds — even with small amounts. The key is consistency .

9. Financial Literacy Awareness Knowing and understanding how money works — including earning, saving, budgeting, investing, using credit, and managing financial risks. 📋 Example areas of financial literacy: Knowing how to create a monthly budget Understanding how credit card interest works Being aware of investment options like fixed deposits, mutual funds, or stock markets Planning for emergencies or retirement Understanding debt traps and how to avoid them 🧠 Financially literate people usually: ✅ Track their income and expenses ✅ Make conscious spending decisions ✅ Save and invest regularly ✅ Understand long-term goals like retirement or home buying