What is financial education and its importance

Financial education is about helping people make well-informed choices, about encouraging financial responsible behaviour. There is plenty of evidence that proves that people who are financially literate are more likely to succeed in life.

How important is financial education?

Financial education enables individuals to improve their understanding of financial concepts and products, prevent fraud, make decisions appropriate to their circumstances and needs, and avoid undesirable situations arising either from excessive indebtedness or unsuited risk positions.

What is the meaning of financial education?

Financial education is the area of economic education focused on helping us manage our money in the best, most efficient way possible. The growth of the personal and collective financial culture of a Country is fundamental to implement effective financial policies and to improve the quality of life of each individual.

Why financial is important?

Financial management helps a business to determine what money to spend, where to spend it and when it should be spent. It also gives an overall view of the financial status of the business, helping to determine business strategy and direction as well as contributing to the objectives of the organisation.

How important is financial literacy to you as a student?

It goes without saying that learning about financial literacy is important, as personal finance education provides students with the knowledge and skills to manage financial resources effectively for a lifetime of financial well-being. It's equally important, however, that this education be offered at school.