Publish at April 02 2025 Updated April 03 2025
No matter what field you're in, there's a need for financial education, and several countries around the world have set up savings education initiatives that are well worth a visit.
When we talk about savings education, we immediately think of the OECD (Organization for Financial Cooperation and Development). It works in collaboration with governments to help improve economic performance, among other things. It also promotes efficient education systems and combats international tax evasion. Savings are essential to the construction of a financial identity.
In the field of education, financial education does not seem to be a priority. Yet we live in a world increasingly inundated with proposals and traps into which young people easily fall. It's a society of overconsumption. Consequently, a financial education can help young future managers to better assert themselves. Living below one's means is the unanimous opinion of financial management promoters. In other words, income (R) must always be higher than expenses (D). We explore some of the initiatives in this area below.
At the outset, we can set in motion the National Strategy for Economic, Budgetary and Financial Education (EDUCFI) underway in France and 70 other countries since 2016. One of the objectives is to educate citizens on financial topics, to better manage their money, prevent scams and participate in the economic debate.
In Quebec, the Desjardins platform focuses on financial education for children. Given the high rate of indebtedness, they provide guidance through targeted edutainment activities. Awareness is raised through educational games, calculators and, above all, articles. For example, they have created Aléa: a life simulation game that teaches financial concepts to young people aged 16 to 25.
In North Africa, the Fondation Marocaine pour l'Éducation Financière ( FMEF) actively promotes financial literacy through games and simulators:
In sub-Saharan Africa, more specifically in Cameroon, the CNEF (Comité Nationale Économique et Financier) works to educate the public in financial management, measured investments and financial planning. In 2024, during the CNEF's scientific day, experts took part in workshops with the main theme of : Transformations of the financial system through digital innovations: challenges and prospects for Cameroon. One of the focuses was: the role of AI in transforming the Cameroonian financial system.
In Gabon, which borders Cameroon, the NGO Finance Solid plays a key role in financial education. In this vein, it has set up training courses with a view to empowering citizens financially by promoting savings, investment and sound management of personal finances. In 2023, a meeting was held under the theme: educate our finances, invest in our future. The president of this NGO, Gwenaëlle Marat Abyla, speaking on the issue of savings, can say: "You have to start by having the right frame of mind. Most people see savings in the wrong light".
In view of the foregoing, we do not claim to have covered all the initiatives, for they are legion. However, it is clear from this reflection that governments and civil society are working hard to improve financial education.
For greater impact, we need to think about how to interest as many people as possible, because we always have the impression that this is a neglected subject. It's a subject that can be taught more widely, and not just in financial courses, which is why we welcome initiatives such as that of the NGO Finance Solid.
Illustration: image generated by Meta
Sources
About us | OECD
https://www.oecd.org/fr/about.html
5 easy ways to save lots of money
https://www.youtube.com/watch?v=LRV30UgrFng
The national strategy for economic, budgetary and financial education ( EDUCFI)
https://www.banque-france.fr/fr/la-strategie-nationale-deducation-economique-budgetaire-et-financiere-educfi
The NGO Finance Solid at the heart of financial education in Gabon
https://gabonews.com/fr/actus/societe/article/l-ong-finance-solid-au-coeur-de-l-education
Financial Education- Desjardins
https://www.desjardins.com/qc/fr/a-propos/communaute/autonomie-financiere/education-financiere.html
Financial Education - National Economic and Financial Committee of Cameroon
https:// cnef.poupock.com/education-financiere/
Moroccan Foundation for Financial Education
https://www.fmef.ma/
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