Flushing Bank’s Post

Avoiding the Dangers of Financial Illiteracy Financial illiteracy carries significant risks—excessive debt, insufficient savings, and lost investment opportunities. In South Africa, where economic inequalities persist, the consequences of financial illiteracy can be even more severe, potentially exacerbating the wealth gap and hindering economic progress. This Financial Literacy Month, let's shine a light on the dangers of financial illiteracy. By educating ourselves and our communities, we can navigate away from financial pitfalls and towards a path of economic empowerment and stability. Follow me for more expert financial advice, and Hit SAVE to keep this for later. #FinancialRisks #LiteracyMatters #AdviceByCoey #Finance #SouthAfrica

Faith & Finances is a financial literacy course that unites people from different financial backgrounds, exploring money management skills through the power of relationships. We think it's a very lovely way to spend a Wednesday night. Send us a DM to learn more. #EncouragementProgram #NonProfitDevelopment #SocialHousing #AdvocacyMatters #EndPoverty #CommunityByCommunity #Belonging #Reconciliation #Faith #YQR #SupportLocalYQR #CityofRegina

Working with a team who understands your industry matters. Discover why a bank well-versed in the unique aspects of community association management can be a game-changer. Learn how to choose a bank that anticipates challenges and offers tailored solutions specific to your sector by checking out our latest article: https://bit.ly/3yeRUxj #CommunityAssociations

“Financial instability drives higher crime rates, but we can change that. By providing holistic financial education that people can apply in their daily lives, we give individuals the tools to escape poverty without turning to crime. Join us in making a lasting impact on our communities by supporting a curriculum designed to improve financial stability and open doors to brighter, safer futures.” #FinancialLiteracyMatters #EmpowerThroughEducation #SaferCommunities #DonateForACause https://lnkd.in/gaTujiE3

Way to go to Justin Perri for investing in helping teens become more financially intelligent and teaching the importance of financial literacy!

Learning financial discipline and literacy empowers effective planning, preventing the burden of poverty on loved ones. Avoiding womanizing, selling for less, and imprudent investments like building an unrentable or uninhabitable house without emergency funds signifies a lack of financial discipline. #FinancialLiteracy #PlanForSuccess #AvoidBadDebt #GeorgeNWOGU 📈💰

What happens when the person you know and trust jeopardizes your financial safety or sabotages your financial position? We often talk about financial literacy but how often do we discuss financial abuse? In my latest contribution for The Conversation Africa, I discuss some of the signs of financial abuse and the protective measures that can be applied to address it. Please share across your networks, because you never know who needs to see this! #financialempowerment #womeninfinance #abuseawareness

According to Suze Orman, owning a home provides financial affluence and emotional security, especially during tough financial times. When your home is part of a community scheme, the financial struggles of one owner can negatively impact the entire community. This is a common financial challenge faced by community schemes in South Africa. This blog aims to unpack some common financial challenges experienced in community schemes and vital tips to consider. Read on: https://ow.ly/YH9P50QecQA

July is National Savings Month, and Estate Living has some vital tips to help your kids save. South Africans are notoriously bad at saving money, but National Savings Month is here to change that! It’s important to involve our children in good financial habits that will benefit them for life!! 💸💡 Don’t wait for a specific month to start. Teach your kids financial goals, the basics of banking, and more – as often as possible. Check out this article to encourage your kids to save from a young age: https://lnkd.in/dnhHtsHy #SavingsMonth #FinancialLiteracy #EstateLiving #MoneyMatters #FamilyFinance

According to a YouGov survey, 67% of secondary school teachers thought that financial education was being taught in their schools 📚 However, in most cases their school did not offer any sort of familiarisation with financial matters, which demonstrates the inconsistency of financial education in the UK. What can be done to promote the consistent teaching of financial literacy at a young age? Read more Financial Times 👉 https://bit.ly/4asBOhB #FinancialLiteracy #Banking #FinancialEducation