In the current global economic scenario, financial education has been seen by specialists as necessary for the organization of the budget. A study conducted by the American university Boston College, showed that eight out of ten professionals worry about their finances, causing a negative impact on productivity. Faced with people's increasing interest in getting their finances in order, courses and lectures on financial education for employees began to expand in Brazil.
Many employees struggle to understand basic financial and investment issues and often fail to realize the various benefits offered in the workplace. A financial education program can help with this understanding and also help your employees make well-informed decisions throughout their career. The benefits of financial education are far reaching. In fact, it forms the foundation of an abundant life. Planning your finances properly improves self-esteem and earns the respect of friends and family. When people know how to make prudent financial decisions, they avoid the common pitfalls of those who don't. Without financial education, people can make poor decisions about their money and have a negative impact on every aspect of their life.
People with adequate training make better financial decisions and manage money better than those without this training. The benefits of financial education are being realized when participants complete a program that induces real and positive behavioral changes in financial matters. These benefits include having less debt, the ability to manage household finances more skilfully, making well-informed investment decisions that will produce greater personal wealth, and several other habits that promote a happier life.
Financial education also empowers people. Without it, anything resembling credit, interest rates, or investments is intimidating and leaves individuals at a disadvantage. When people are well versed in the state of their finances, they have the information they need to take action, modify their investment portfolio, or continue with their current strategy. Understanding your finances helps reduce the risk of becoming a victim of fraud. Some tactics are easy to believe, especially when they come from someone who appears to be knowledgeable and well-intentioned. By obtaining basic financial education, professionals are continuously building the information they learned in the past and use in their personal finances. He learns the importance of earning, saving, and managing his debt, which leads to becoming a financially responsible adult, in addition to having the necessary knowledge to wisely decide how to pay for college, a car, or even a mortgage, and he will learn about the consequences of accumulating debt, purchases that reduce the budget, and predatory high-interest creditors.
An employee's motivation is also linked to factors external to the company, including financial imbalance that can interfere with productivity. The employee's financial health reflects on the company. Therefore, implementing financial education in companies is a major step to change this negative impact and guarantee more confident and self-sufficient employees.
Contact TATICCA — ALLINIAL GLOBAL, which provides integrated auditing, accounting, tax, corporate finance, financial advisory, risk advisory, technology, business consulting and training services. For more information, visit www.taticca.com.br or email taticca@taticca.com.br. Our company has professionals with extensive experience in the market and has certified methodologies for carrying out activities.
