Life is full of decisions with financial significance. We all ask ourselves questions like what is better to rent or buy? How do I finance the purchase of the car? or when the time comes… Will the retirement pension be enough? Citizens when faced with these decisions are often insecure, they must be aware of their consequences and learn to value them.
Let’s see it more clearly with an example; Imagine that you go to a gym, you want to get in shape, the room is full of equipment, tapes and weights that you hardly know how to use, you are confused, you need a professional trainer to guide you and explain what your exercise table will be, what benefits are you going to to obtain and periodically review your progress, you will see that, if you are constant, in a short time you will be able to enjoy the physical well-being you were looking for.
It’s the same with finances, you need someone to guide you, a financial educator to help you shape your financial future and improve your relationship with money . You will see that in a short time, you will assimilate basic concepts related to saving or investing, you will learn the importance of preparing a household budget, or the danger of having excessive debt, concepts such as emergency fund, income protection or retirement provision , will help you start the path towards achieving the goals you set for yourself. The figure of the financial educator will play the role of the “personal trainer” and, in the same way, will accompany you in the process, giving you that security and confidence that you are looking for when making financial decisions.
According to the OECD, financial education is the process by which citizens improve their own understanding of financial products and their risks, can make informed decisions, or, where appropriate, know where to turn to improve their economic well-being.
The financial educator is the figure in charge of fulfilling that purpose, offering citizens the appropriate conditions to carry out their vital objectives, through the correct management of their savings, their debts, and their own economic security.