Financial education is increasingly important, and not just for investors. It is becoming essential for the average family trying to decide how to balance its budget, buy a home, fund the children’s education and ensure an income when the parents retire. 

Of course people have always been responsible for managing their own finances on a day to day basis – spend on a holiday or save for new furniture; how much to put aside for a child’s education or to set them up in life – but recent developments have made financial education and awareness increasingly important for financial well-being. 

For one thing, the growing sophistication of financial markets means consumers are not just choosing between interest rates on two different bank loans or savings plans, but are rather being offered a variety of complex financial instruments for borrowing and saving, with a large range of options. At the same time, the responsibility and risk for financial decisions that will have a major impact on an individual’s future life, notably pensions, are being shifted increasingly to workers and away from government and employers. As life expectancy is increasing, the pension question is particularly important as individuals will be enjoying longer periods of retirement. 

Individuals will not be able to choose the right savings or investments for themselves, and may be at risk of fraud, if they are not financially literate. But if individuals do become financially educated, they will be more likely to save and to challenge financial service providers to develop products that truly respond to their needs, and that should have positive effects on both investment levels, wealth creating and economic growth. 

Money and Wealth Blog will share information on financial education, with a bias on saving, investing to growing passive income and creating wealth. The blog is inspired by the observation that the biggest handicap to most people achieving financial freedom is lack of financial education. School and Universities education curriculum do not include financial education. Most parents too do not train their children on Personal Finance Management because, maybe, they also do not know and are just flowing with the flow. No wonder most people, including professionals do not understand the basics of dealing with money, creating wealth and maintaining it. Having lived and observed people in Africa and in Europe, my Husband and I decided to start this blog to share what you or most people have never heard regarding managing their hard earned money. Financial education is the way out of poverty for individuals and families especially in Sub-Saharan Africa. 

Therefore, the passion and the interest in acquiring financial education and disseminating it.

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