7 financial education


Knowing about financial education is very important because this knowledge will help you manage your personal finances and investments.

Furthermore, economic education has never been more evident in Brazil, because factors such as ease of access to information and technology can positively influence the availability of this information.

In general, people are increasingly interested in learning economics and good financial management.
If that's the case for you, check out our top financial education tips and download free materials like eBooks, shopping lists, and spending logs to get started.

How to get financial education? [7 tips]

Economic education requires the study and practice of various concepts that run through the subject.

Therefore, those who expect to get rich quickly and without first acquiring sufficient knowledge, which requires a lot of effort, give up on siding with financial education and start betting on the lottery, for example.

But you don't want that, do you? So let's move on to financial education tips!

1. Make a financial diagnosis

In order to find a financial education resource that best addresses your financial needs, it is extremely important to understand what your reality is today.

I mean, how do you handle money? Are you in debt? Are you working to pay the bills or secure a rich life?

Think about your financial life, find out about your most important financial issues and ask for advice to guide you on the right path.

Don't know how to make your financial diagnosis? We will help you! Consult our financial diagnosis study!

2. Manage your expenses

When talking about financial education, it's worth talking about effective ways to manage your spending. When you know where your money is going and more specifically how much is being spent in each area, you will know what expenses to cut or reduce.

With financial management applications such as mobills manager, you can manage your budget easily and comfortably.

Much easier and more efficient compared to the famous notebooks and expense sheets, don't you think?
In addition to always being at hand, a good application makes it easy to record income and expenses and avoid forgetfulness.

3. Set goals and objectives

Without financial goals it is difficult to save. Therefore, set your goals for the short, medium and long term and set financial goals for them.
It is much easier for you to allocate part of your income to a dream that has specific definitions.


4. Form the habit of saving

Saving money can become a real obsession, but in a good way.
Financial education seekers always want to minimize their expenses and always save to do so.

Practice simple ways to avoid overspending, such as: research prices before you buy, look for discounts or cash-back programs, compare prices, and find ways to buy similar products for less.

5. Earn, Save and Invest

This is the pedestal that anyone who wants to get a financial education should follow.
End the month with a zero or customs is complicated. That is why it is necessary that you reduce your expenses quickly to be able to take care of the other two phases of the cycle: saving and investing.

Ideally, at least 10% of your income goes into financial reserves.
If you're in debt, cutting costs is still the first step, but focus on paying down debt first and investing later.

6. Learn to make budgets to pass the cycle

You must have a deep understanding of your financial situation, and for that you must make budgets based on:

  • Track your expenses
  • Understand which areas have the highest percentage of spend
  • where it is possible to cut

If your case is different, eg. you are already saving a part of your monthly income, explore the possibility of increasing this percentage or even earning additional income.

The main purpose of this council

7. Use a financial manager

As we mentioned earlier, financial management programs allow you to apply financial education concepts through more effective wealth management.

With its help it is possible to control expenses and make entries at the time of expenses or income, avoiding errors due to forgetfulness.

To achieve this and many other benefits, the Mobills financial management platform is the perfect solution. In it you can:

  • Manage your accounts
  • Set a consumption limit per category and receive a warning if you are close to exceeding it
  • Credit card management
  • Analyze charts and reports to help you understand your personal finances
  • Mobile phone or Internet connection; and more