Currently, financial education is an issue that is little addressed in the education of people, without being truly priority for global entities. Despite this, financial education is a fundamental practice for people's lives, which everyone should learn at some point in their lives. Next we will explain the importance it has and what it can contribute:
Financial education improves decision making
The most obvious of financial education is that with this knowledge a person will be much more analytical when deciding how important an expense is. How to eliminate ants and, therefore, increase your long -term savings. Likewise, it will serve for the management of indebtedness that would influence your economy to be much more stable.
Contributes to the construction of the SDG
The Sustainable Development Goals (SDGs) are a group of interconnected objectives created by world economists who are intended to “achieve a better and more sustainable future for all.” Among the priorities of these objectives, is the improvement of financial education, since this can be something that helps reduce social inequalities, avoid poverty and provide people with better job opportunities, so this not only shows the importance of this teaching, but denotes the value that has been sought in recent years.
Help achieve a quieter retirement
It is normal for most people not to think about their retirement being Jovénes, but this is a situation that everyone should think if they want to live in the last years of their quiet lives, without depending on anyone else, with their finances in order, and just having a good financial education, you can find good ways to achieve savings that will help you for the decades to come without truly affect your present.
Support the transition to sustainable economies
In recent years, the need to have a circular and low carbon economy has become more than evident. New concepts such as ESG or ISR related to climate change. Therefore, it is important to have a financial education that can not only accelerate this process, but also for people to become familiar with this and other changes that arise related to these climatic elements.
Financial education Help to get out of crisis
With the emergence of COVID-19 and the establishment of a pandemic, more than ever it has been clear as unexpected crisis they can have such negative effects on the population's economy. Without leaving so far, the inflation of a country is something that affects several countries every day. So having true knowledge of financial education is something that can be used to manage and how to get ahead with what you have without reaching bankruptcy, and saving the businesses you have.