Financial Education: A Formation for Life

Antonio Richard Trevisan
Edmundo Alves de Oliveira
Flavia Clara Bezerra Trevisan


In the current twelve years of elementary and junior high school, before entering university, the student is obliged to memorize contents of little use in real life and virtually nothing is taught about financial education, that is, systems Teachers ignore the money issue.

The consequence of this is the growth in the number of indebted young people with the name included in credit protection institutions such as SPC / SERASA, which harms their consumption and even their professional career.

For the development of the article, a literature review was conducted to provide the reader with an initiation into the science of money, showing how financial education helps in establishing a healthy relationship with finance, which should be started from childhood.

Key words: Financial education; Indebtedness, Financial Awareness.


The growing importance of financial education has intensified due to the current crisis context. Mathematics as a school subject contributes to financial education by exercising the essential thinking capacity in calculating the best form of payment, avoiding the acquisition of debts that compromise the monetary life of young people (NASCIMENTO, 2015, p. 7).

The significant increase in indebted youths has led to a greater interest in studies regarding financial education (BORGES, 2014, p. 2). According to surveys conducted by the Brazilian Institute of Geography and Statistics (IBGE), two million young Brazilians are indebted, mostly due to the misuse of credit cards, which today is offered early to those who are twelve years old. Impulse purchases are the main cause for the indebtedness of young people, aged 14 to 25 years (BELLE, OLIVEIRA, PAULA, 2014, p.11).

Financial education guides young people towards good consumption habits, so that they can achieve better living conditions and can be inserted from childhood. Through it, behavioral improvements, attitudes and postures are sought, which avoid debt. Making the budget pay more depends on financially conscious choices and improves the quality of life, bringing the youngster more peace, security, comfort and pleasure (PEREIRA et al., 2009, p. 67).

Conscientious and responsible consumption helps provide pleasures in the present, enabling financial security for the future. Knowing how to properly measure how much should be spent on a daily basis, and how much to save and invest for tomorrow, providing balance to these two needs, is basically what financial education promotes, and must be inserted early, so that obtain better results in the formation of more organized and financially accomplished young people (DOMINGOS, 2011, p.57).

Financial education is seen as a set of healthy habits that contribute to improving the monetary condition of people who are committed to the future. Financial education, when inserted in the development phase, provides children and adolescents with a balanced relationship with money and greater chances of becoming conscious adults with regard to their finances (SOUZA, 2012, p.7 ).
Thus, the present work intends to promote a study about financial education for children and adolescents, and its contribution in the formation of financially conscious young people.