The importance of financial planning
I have already dealt with financial education in several articles. We have already seen in fact:
– how a financial objective is defined ,
– how financial planning is implemented
emphasizing the difficulty of putting these concepts into practice because we are not used to thinking in these terms or rather we think in terms of planning in many areas of life, but hardly with regard to money financial planning for child education.
Is there a way to make the financial planning journey easier?
The answer is yes! Moving on to financial education.
What do I mean by financial education
We can define financial education as familiarization with the economic concepts useful for the choices of our life (for example the choice of a mortgage, the savings share, the choice of an investment).
There is always the possibility of learning, but of course if this learning starts as a child as an adult you will be in a favored position to make decisive choices that could have important impacts on life.
Today it is not easy to put financial education into practice compared to a few years ago because we live in a society that for better or for worse is built on a consumer model and therefore the needs of a boy today are very different from those of a boy. than 30 years ago. With this I want to emphasize even more the importance of financial education since everyone in practicing it seriously must face and ask ourselves what is useful and what is not because only by eliminating what is not useful can we then proceed to save. Indeed, not only to save, but to avoid contracting debt for unnecessary things.
Among other things, the word educate derives from the Latin “ educere ” or to pull out. So a financial education serves to bring out the real needs of life and obviously how to cover them.
A study was recently carried out which showed that European children accustomed to receiving a weekly allowance as adults are more familiar with financial choices.
It is never too late to learn and to start a journey of education and financial planning.
Autumn has arrived and it’s time for financial education. After the success of last year, Financial Education Month is back, a program of over 500 events, over 70% more than in 2018, to offer the Italian public the opportunity to increase their basic knowledge on financial resource management. personal and family. The event, which will touch all the Italian regions, is promoted by the Committee for the planning and coordination of financial education activities, set up by the Minister of Economy and Finance.