It is very important to educate ourselves more in terms offinances, to acquire savings. Because many sectors of society are speculatingon how to correct the economics problems that are affecting the daily life ofmany people. But how ca we correct those economic problems, when we do not haveeducation on how to save and how to invest. Technological advances andinnovation have contributes contributed to complicate the business world, sincenow there are many services and financial products that are available toinvestors. Someone might think that the solution to the multiplicity ofeconomic problems could be to implement more stringent rules and be strict withbankers or business representatives.
However, Ben S. Bernanke and some of theFederal Reserve Banks have considered the investment of money, time and effortin financial education programs as solutions. Also, there are others who have thought that such a solutionwill be a great investment in human capital at an early age because this givespeople the opportunity to recover their investment throughout their workinglife. We must recognize that today’s student’s own homes and business on thefuture, and it is important that young people know about the credit when itcomes to buying a home. Therefore, an early education about finances is veryimportant for the development of an individual that pretends to be useful tosociety.
ConclusionThe savings and the economic growth is establishedunidirectional growth economic to domestic savings and not vice versa. Externalsaving has been a variable in recent years economic situation, from which theeconomy becomes more dependent due to the insufficiency of internal resourcesto finance the investment, servings as the alternative fundamental substitutefor domestic savings for such purposes. This increases the externalvulnerability economic of this country, and one of the main challenges toachieve sustained growth is to close the gap between external savings andinvestment through the substitution of external resources for internal ones.According to the analysis presented above, it can beaffirmed that the internal savings is the internal income, and this can beexplained because the agent’s economic changes when observing in current incomeor waiting for a change in their future consumption, at the same time the levelof savings and investment. Non-financialcompanies, company’s financial institution, general government, privatenonprofit households, institutions and the rest of the world, thereby expandingthe availability of economics statistic of the country and opens the way formore precise research about savings, equity variation and economic growth. Education is the key to being successful and having a betterlife. Also, this research emphasizes the value of financial education as a toolto train people to make correct decisions without fear of being wrong, orperhaps, evicting making a wrong decision.