Financial users have at their disposal a wide range of financial products and services, so the financial decision-making process must be carried out with extreme caution, with the aim of adjusting the financial product or service as best as possible to the specific financial need to be met. In addition, the offering of financial products and services tends to grow, some of them being highly complex to understand.
The objective for a person who is going to make a financial decision is to do so in an informed way, understanding not only the basic characteristics of the financial product or service, but also its life cycle and the implications that its purchase may have. A bad financial decision may have a significant impact on the customer daily life. The main objective of a financial program, like Edufinet, is that people obtain the basic competence to take decisions.
This decision-making process is obviously influenced by the financial knowledge that a person has. In theory, the higher the level of financial knowledge, it is assumed that the skill of the person selecting and choosing the financial product or service will be greater. Hence the importance not only of the acquisition of knowledge, but also of the development of specific skills of financial and also, technological nature.
