Is the capability to capture of understanding overall impacts of financial decisions on one’s (ie. person, family, community, country) circ*mstances and to make the right decisions related to the cash managment, precautions and opportunities for budget planning.
Published in Chapter:
Financial Education for Children and Youth
Zeynep Tezel (Kırıkkale University, Turkey)
Source Title: Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry
Copyright: © 2015|Pages: 24
DOI: 10.4018/978-1-4666-7484-4.ch005
Abstract
Although financial education consists of individuals of all ages, education of young people in the field of finance is more important. The young generation faces more financial risks and more complicated financial products than their parents. Besides, young people are introduced to financial services at very early ages owing to cell phones, bank accounts, credit cards. Therefore, it is important that individuals are educated in finance as early as possible.
