Financial Literacy Can Enhance Inner Peace
As we mark this year’s International Day of Education, we are presented with a unique opportunity to reshape learning to equip youth with essential financial skills. Financial literacy is woefully overlooked in most school curriculums today. Yet navigating money management is critical for daily life and securing one’s future aspirations. This oversight is evident by the large number of senior citizens already in retirement, mostly dependent on black tax to keep body and soul together; and young people who continue to jostle from one loan app to the other, piling up debt profiles that continue to keep credit scoring companies away.
By investing in financial education, governments can empower students to make smart financial decisions, stimulate economic participation, and drive more equitable national growth. Money impacts all facets of life, from household budgets to accessing loans to saving for old age. However, most youth lack a solid grasp of personal finance basics when entering the workforce. This impedes their ability to achieve financial stability and make prudent choices aligned with their goals. Integrating financial literacy into all levels of education would provide the foundational knowledge to budget responsibly, leverage financial products judiciously, and build wealth.
With sound financial skills, young people can break cycles of poverty in their families and communities. They can escape dependence on predatory loans by better managing budgets and accessing formal financial services. Savings and investments will unlock more business opportunities, smoothing income volatility. Financial education will promote engagement in the rapidly evolving digital economy as well.
Teaching concepts like budgeting, saving, responsible borrowing, and investing from a young age can foster healthy financial habits. Coursework on economics, markets, and policymaking helps build critical thinking to navigate the financial system. Providing real-world learning opportunities like internships teaches practical skills. On a personal level, a deliberate investment in future education could be a pathway to breaking the trend of financial illiteracy. Access to quality and well-rounded education provides the leverage to achieve economic stability for themselves, their families, and their communities.
Being financially literate helps support your different life goals; for example, saving for the rainy day, preparing for retirement, leveraging debt, or starting/running a business. Like you save for the rainy day, you can start saving today to fund the quality of education (and life) you intend to provide for your loved ones. Saving and investing in financial instruments that provide a consistent yield so that the education of your loved ones in the future is assured.
At Kudy, our financial instruments provide consistent, sustainable and repeatable long-term returns. Our investment philosophy is centred around the control of risk, which we do through diversification and specialisation. Thus, we are known for very few investment outlets — which we understand deeply.
If this is something that you will want to explore, please reach out to us via email at experience@kudy.io. One of our representatives will be happy to provide you with information on how the funds work and which one will suit you best as you strive to provide a wholesome educational experience for your loved ones.
