02/06/2023
UNIC- AngloCommunity-AC
19th meeting, with Mr. Lourenço
Theme: Financial education
Financial education covers the basics of personal finance – budgeting, saving, investing – along with a host of other financial information that people will find useful in their lives.
Without financial literacy, one's actions and decisions about savings and investments would be weak and unsupported. One can manage their finances effectively by learning financial principles. Additionally, it facilitates sound financial decision-making, financial management, and stability.
The skills of financial education include the ability to effectively locate, evaluate, and use information, resources, and services and to make informed decisions about financial obligations, budgeting, credit, debt, and planning for the future.
The research-backed benefits of financial education include having less debt, being able to manage household finances more skillfully, making well-informed investment decisions that will produce higher personal net worth, and a myriad of other habits that promote a happier life.
Strong financial knowledge and decision-making skills help people weigh options and make informed choices for their financial situations, such as deciding how and when to save and spend, comparing costs before a big purchase, and planning for retirement or other long-term savings.
According to the Financial Literacy and Education Commission, there are five key components of financial literacy: earn, spend, save and invest, borrow, and protect.
Search these scriveners to get more knowledge about financial education:
Robert Kiyosaki, Gustavo Cebastian and others that you may know.
Below are links that you may find many informations about financial education.
https://www.ilo.org/empent/areas/social-finance/WCMS_751621/lang--en/index.htm
https://moneymentors.ca/money-tips/7-ways-to-improve-your-financial-literacy/
-Overseers-
UNIC- AngloCommunity-AC
[email protected]