Financial education is the best 'medicine' for chronic debt on the planet

A worrying and growing reality in all corners of the planet, over-indebtedness has been severely affecting both the lives of individuals and the financial health of nations.

Faced with this finding, financial education represents a preventive tool to combat financial lack of control, in addition to providing people with a more balanced and sustainable life.

The best way to guarantee, in the future, a society with accounts ‘in blue’ and to make financial education permanently included in the curriculum school from childhood, so that the next generations will develop basic financial skills, as well as a solid awareness of the responsible use of money. money. Adults, in turn, should be offered specific training programs.

But how to solve this serious socioeconomic problem, in order to build a financially healthy, resilient and prosperous society?

In the genesis of this phenomenon, the lawyer, specialized in Banking Law, Tallisson Luiz de Souza identifies some determining factors for the debt crisis of our time. Are they:

• Easy and fast access to credit, offered by cards, personal loans or financing,
• Consumerism and the culture of “having”, which consists of the incessant pursuit of material goods.
• Lack of financial education: the lack of this discipline can increase the risk of inappropriate decisions in relation to money, as well as making it more difficult to create a balanced budget and control spending.
• Economic instability, unemployment and social inequality: the search for a quick solution to essential and unforeseen expenses financial institutions, many resort to credit cards and other forms of financing that further complicate the situation of Debtors.

In this context, the specialist in Banking Law emphasizes the strategic role of teaching financial education, which provides the individual with the knowledge and skills necessary for the efficient and responsible management of your finances, through conscious consumption regarding your choices, in order to prioritize needs, to the detriment of important desires secondary.

It is also natural, among those with training in financial education, a greater propensity to save and invest, contributing, with this practice, to raising the level of internal savings and job creation and lace.

In order to enable people to effectively manage their finances, Tallisson Luiz de Souza leaves some tips:

• Saving and investing are also essential skills for building wealth and long-term financial security.
• Save money to cover unforeseen expenses or periods of financial instability, such as unemployment or health problems.
• Set specific goals, such as acquiring a good or carrying out a project, and save regularly to achieve them.
• Study different types of investments, such as stocks, bonds and mutual funds, and choose the ones that best align with your goals and risk profile.