Department of Corporate Secretaryship organised the Student Knowledge Transformation Study Circle on 06.08.2025

The Corporate Governance Professionals’ Association under the aegis of the Department of Corporate Secretaryship organised the Student Knowledge Transformation Study Circle #12 on the topic “Financial Discipline for Future Needs”. The session was presented by Ms. S. Shai Preethi, Vice President of the Association, Ms. K. Abitha, Cultural Secretary of the Association, from III B.Com. Corporate Secretaryship. A total of 115 students attended the session.

The presentation was initiated with an introduction to financial discipline and highlighted its importance. The presenters stated the common future financial needs of an average individual such as marriage and family expenses, purchase of houses/properties, medical expenses, purchase of vehicles, retirements savings, etc. They highlighted the 50-30-20 rule, which depicts 50% of income should be dedicated to essential needs, 30% to personal wants and desires and 20% to savings and investments. They discussed the actions one must take to achieve financial discipline such as setting financial goals, budgeting, aversion of impulse purchases, payment of bills on time, keeping track of financial transactions, etc. They also provided saving tips mainly applicable for students such as using student discounts, invest in Recurring Deposits and SIPs, limiting online subscriptions, etc. At the end of the session, the students understood why financial discipline is essential in achieving long-term goals and gained guidelines on how to make thoughtful choices about spending, borrowing and investing.