Practical steps to financial freedom

Practical steps to financial freedom

Acquiring financial skills is the key to a carefree future. Learn how to do it!

Young people face many challenges in managing their finances, but with good planning and the right information, they can relax and gain control over their budget. This blog provides practical advice and activities to help young people develop their money management skills. Step by step, we will go through important topics such as budgeting, saving, and investing, thereby enhancing their ability to make informed decisions and face financial challenges.

Interested in this topic? Read more: Financial well-being: How young people aged 16 – 18 can gain confidence with money and improve their mental well-being Want to find out where you stand personally? Take a short test at the end of the page and gain a better understanding.

How does this apply to you? Choose the answers that describe you best:

Imagine you've received an unexpected financial gift. How will you use it?

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When planning your expenses, you imagine:

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If you had the opportunity to earn extra money, what would you choose?

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If you found yourself in a situation where you suddenly ran out of money, how would you react?

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When you envision your financial future in 10 years, what do you see?

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What feelings does the idea of investing money evoke in you?

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How would you react if you suddenly had to pay a high bill that you hadn't planned for?

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What do debts mean to you?

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When you have a larger sum of money with you, what is your first reaction?

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If you had the opportunity to take a financial literacy course, what would you do?

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16 – 18 years: Financial literacy and responsible management

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