Financial Education Case Study

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BACHELOR OF EDUCATION TRIMESTER 3, 2014

EDU576: FINANCIAL EDUCATION

Assignment One: Essay Topic:
1. ‘Financial education helps us develop understanding and skills in financial management that are necessary for survival and success in the merciless commercial world today. It fosters financial stability for individuals, families and entire communities’. Professor Ram Karan in Financial Education Unit, 2013. Argue for and/or against this statement.
NAME: AJESHNI LATA SINGH
ID: 2013117072
DISCIPLINE: ACE
LECTURER: MR. LASARUSA DAVETA
UNIT COORDINATOR: MRS. SOFIA ALI
IMPORTANCE OF FINANCIAL EDUCATION IN EMERGING APPRECIATIVE AND SKILLS IN FINANCIAL MANANGEMENT
The0generally0accepted0financial0literacy0ideal0originates0by0introducing0financial0education0that0would0lead0to0financial0literacy, …show more content…

0Financial education will provide a relevant circumstance to develop knowledgeable, 0skilful and advanced children and young people0who can take aggregate responsibility for their own0lives and plan for their future. Managing money is one of the most significant and challenging features of everyday living. All organization, irrespective of its size or ownership pattern, has to0manage its finances. The overall purposes of an organization cannot be accomplished in the absence of financial management.0Various organizations flop in their objectives because of financial mismanagement. Therefore, 0financial management is vital for all types of organizations, profit making as well as non-profit making. In case of non-profit making organizations similarly the effectiveness and performance be influenced by financial resources management. 0Financial education also offers the opportunity to take learning outside subject limits, permitting learners to make links across different parts of learning. Examples of learning opportunities across the syllabus include: construing a chart or table to identify the best savings account, considering the impact of ‘fair trade’ activities on poor farming communities, or looking at the linguistic used in an advertisement to promote a financial product. 0Projects and theme days in a financial setting can be very

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