Importance of Financial Education in Making Informed Decision on Spending: Recent Study | Chapter 2 | Emerging Issues and Development in Economics and Trade Vol. 4
The discourse of spending is important if finance is of concern. Those who save money realize the fact that wise spending leads to saving and hence investing. A household that spends unwisely can end up complaining on insufficient funds attained. Governments and organizations which spend unwisely will always cry for budget deficit. Therefore, this chapter provides a discussion on the importance of financial education (financial literacy) in making informed decision on spending. We have people in our families who always cry for insufficiency of funds. And to them they think that God has given an outright favor to some people to enjoy the lives. But we also notice that those who seem prosperous most of them are not Godly. They demonstrate a bad behavior to families, to people near them, to our kids. If their prosperity is a result of God’s blessing, we could at least realize that these people are believers. It was from that line of thinking this study became eminent. This chapter ...