Financial Illiteracy, A Major Global Challenge!
Financial Illiteracy is an obstacle faced by developing or emerging communities as well as advanced societies throughout the world. Lack of financial education is affecting individuals (girls or boys), families, and communities. It slowly starts to affect the local economy and eventually spreads out to the global level. Attainment and development of wealth management principals and skills are essential to growth at all levels. Studies have been found that personal finance education programs in later ages have very limited effect. Also, it may not fully prepare a young person for later years to face real-life economic decisions like buying a house, understand workplace benefits, investments, or saving for retirement. With a few basic Financial Literacy lessons, it is always possible to be a “best budgeter” irrespective of one’s income level.
Financial Literacy or Education must be taught from early ages and continue throughout life.
Want to become Money Smart!! Practicing basics of Spending, Sharing, Investing, and Saving is the best way to gain solid financial skills and habits. These are essential elements of personal development that can and should be learned and reinforced throughout life as financial needs grow.
Financial Literacy must address Spiritual, Psychological, Emotional, and Technical aspects of Wealth Management
Our unique character-based curriculum, ABCs of Wealth, delivers financial literacy lesson plans to address spiritual, psychological, emotional, and technical aspects of finances. The program is popular for its ability to connect with students and inspire participants of all ages and socioeconomic backgrounds to take positive financial action.