There have been calls to improve financial literacy by different groups of people and government agencies are also stepping up efforts to promote financial literacy in our society. There are benefits for the society as a whole when people knows how to make wise financial decisions. Before we go into how financial education can make a difference in our lives, let’s take a look at what problems will there be if we are not financially educated.

Money has caused a lot of problems in this world. Because of poor financial decisions, families break up, children suffered, old people could not afford to retire and lives were even lost in the process. With financial education all these could change. All of us could have better lives for our future.

What exactly is financial education?

When we talk about financial education, what comes to your mind? Is it money? Is it saving? …