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What is Financial Education?

Do you wish you knew more about personal finances? Dealing with money can be confusing, but when you’re financially literate you have the power to make informed choices, and even avoid money problems. Budget and financial education is an effective response that allows everyone to become (or become again) an actor/actress in their own life. Our mission is to change the relationship with money, to train responsible citizens and consumers who will have the tools and knowledge necessary to gain autonomy and develop their consumer self-defense in relation to unforeseen circumstances and excessive risk-taking.


Who is it for?

  • Financial education is increasingly important for adults. 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 for 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 even more important for financial well-being.

 

  • Financial education is now important for children. National surveys show that young adults are amongst those with the lowest levels of financial literacy. This is reflected by their general inability to choose the right financial products and often a lack of interest in undertaking sound financial planning. Even from an early age, children need to develop the skills to help choose between different career and education options and manage any discretionary funds they may have, whether from allowances or part-time jobs. These funds may entail the use of savings accounts or bank cards.

 

How ?

Through workshops, webinars, and online courses we provide educational opportunities for everyone, including employees, students, children, and communities. 

 

 

We focus on: 

  • Understanding of the global environment of the banking and financial world: How does it work?
  • Acquiring practical knowledge of banking, insurance, taxes or credit: What do you need to know when choosing a financial product
  • Understanding your legal rights as a consumer: How to better defend yourself?
  • Prevention of the risk of over-indebtedness: What is debt and what are the consequences?
  • How to speak about money problems at home?
  • Acquiring the basics of managing a personal budget and potential of saving advice in regular costs (utilities, rent, car, credits, etc.) 

 

 

  • Bringing psychological tips to resist addiction and keep a budget discipline.

 

Preview the above-mentioned topics on our Tips & Tools section or for training opportunities contact us  we would be happy to help.

 

 

What are the warning signs that you have too much debt or are about to lose financial stability ?


Ask yourself the following questions:

  1. Over time, do you use more of your income paying debts?
  2. Do you pay your bills late because you don’t have enough money?
  3. Have you stopped paying some of your debts?
  4. Are you using cash advances on your card(s) to pay for essentials like groceries, utilities, etc.?
  5. Have your savings decreased or maybe you don’t have savings anymore ?
  6. Have you borrowed money from friends or relatives?
  7. Have debt collectors started to call or send overdue notices?
  8. Are you constantly worried about money?
  9. Are you and your spouse fighting over money?

If you answered yes to more than a couple of those questions, you have a debt problem.

Is it too late? No, you still can change the future of your financial situation. But how? 

No matter how your financial situation currently looks, you can improve it BUT the most important thing is that you really want to repair your finances and get back on track. Only then will you be able to do what others have done successfully and face this challenge. 

We are here to help you to find the right strategies to deal with your debt. Here some examples:

Debt snowball: You focus on paying off your smallest debt first (while paying minimums on the others), then roll the amount you had been paying on it into payments on the next largest.
Debt avalanche: You pay off your debt with the highest interest rate first (while paying minimums on the others), then the next highest rate, and so on. It may save you time and money over the course of your debt payoff.

Debt settlement: You offer a lump-sum payment to a creditor that reduces the amount owed by 25-50%. If accepted, the debt is settled, however, this will have negative impact on your credit history.

Debt consolidation: Combine multiple old debts into a single new one, ideally at a lower interest rate, making payments more manageable or the payoff period shorter. There are a few ways to consolidate debt, including balance transfer cards and personal loans.

Debt management plan: If you’re facing a mountain of credit card debt and not making much progress, we can help you to set up a debt management plan to cut your interest rate and put you on a repayment plan.

We understand how hard it can be to talk about debt. Many people think they will be judged or blamed for their current financial situation. But we all make mistakes and have times when we need a little help to get back on our feet. We’re not here to judge you or give you more stress, but to help you find real solutions with kind and honest guidance.

 

Here is how we proceed

Within 1- 2 weeks - UNDERSTAND  YOUR SITUATION

  • You can contact us, by email or via the login form, and we check if their is a match between your need and what we can do for you. This will help us to focus on the right solution.
  • We collect your mandatory documents necessary to establish a budgetary & credit diagnosis and understand your situation
  • We allocate you a dedicated coach that will contact you within 72 hours to clarify the process and the needed information with you
  • We are very strict on  the confidentiality of your situation. This is mandatory for us

 

Within 2 - 4 weeks - FIND THE WAY OUT

  • You meet your coach (physically or digitally) to clarify your case & share potential solutions:
  • Case 1: You might find that a single counseling session gives you all the information you wanted so that you don’t need to contact us again
  • Case 2: If you do keep working with us, such as through a debt management program, you’ll be supported by your credit counsellor and our experienced team
  • We agree on the next steps

During 3 months (in average) - KEEP ON RIGHT SIDE

We accompany you to

  • Follow up your specific situation
  • Regular monitoring of budget and rest for living
  • Provide motivational tricks

Our goal is to help you achieve financial well-being for life, and that includes helping you rebuild your credit, keep a balanced budget, and plan for the future.