WE GUIDE YOUR FINANCIAL JOURNEY
Every great journey starts with a first step
Importance of Knowledge
Money matters to all of us, but not many of us get to learn about it early enough. The fact is the more knowledgeable you become, the more likely you are to reach success. Studies have shown that people who have financial knowledge are better off because they can:
3 Essential Elements
There is a 3 - legged stool theory according to behavioural economists [3] [4],
needed to strengthen financial competency: Three elements – “knowledge, numbers, and action”.
Just as a stool is useless without all three legs, with just one or two elements,
it is difficult to expect the most out of your financial success.
Knowledge
Remembering and understanding financial conceptsand jargons for long-term success
Numbers
Being able to make make sound financial decisionsby applying simple math
Behavioural facilitation
Getting people to act on their intentions (e.g. open bank accounts, set up investments, make a budget and follow)Nothing Happens Without Taking Action
Having knowledge is one thing, putting it into action is another.
We all know how hard it is to get started and keep it going.
Money Sherpa aims to develop more features that connect financial education
with behavioral changes.
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