Prospects for a responsible and self-determined life. My Finance Coach aims to open up new avenues and opportunities for children and young people, showing them how they can achieve an independent, self-determined life, and strives to equip them with money management skills that are important in everyday life.
For young people to achieve an education in this area that goes on working for them throughout life, educational offerings need to be firmly rooted in a wider social context and in the school environment. My Finance Coach has a long-term outlook and its modular structure ensures that business and finance are themes that are examined continuously throughout studies.
The initiative grows with the pupils, accompanying them as a trusted partner throughout their school life. The content and portfolio of My Finance Coach adapts to suit the changing needs of young people as they get older.
Our sustainable and holistic approach has effects that stretch well beyond school life.
It helps to deliver a sustainable shift in attitudes and to convey skills for dealing with business and finance. A sound grounding in general financial literacy is a modern form of social policy that has a sustainable impact on individuals, society and the economic and social system.
However, sustainability also means ensuring content is not restricted to specific social groups. Teachers play a particularly important role in delivering a sound financial grounding. In recognition of that, My Finance Coach offers a comprehensive and sustainable portfolio for teacher training covering business and finance.
Bringing on board key social disseminators such as teachers is essential to making sure that knowledge is transferred and attitudes to business and finance changed on a sustainable basis and across all tiers of society.
Corporate Social Responsibility
Companies need to do more than just earn money. They are a part of society and have a responsibility towards it. Economic issues touch virtually every aspect of our lives and can no longer be regarded in isolation. They are entwined in a cause-and-effect relationship with socio-ideological and ethico-moral issues and have a long-term impact on the cohesion of society.
A better understanding of how business and finance work and how our behaviour impacts on us, our surroundings and global society are crucial if we are to promote responsible attitudes.
Responsibility lies with the individual.
People are more than just consumers. They are also business people working in an environment where resources are scarce. As such, they are not just responsible for themselves but for their environment, too. That is why financial literacy is closely linked with consumer responsibility. Modern production processes are organised on a global scale and have corresponding economic, social and environmental consequences.
My Finance Coach highlights these correlations and encourages pupils to examine their own activities in the light of their shared social responsibility for people and the environment.
The importance to society of an education in business and finance.
The benefits of a sound financial grounding are not just economic. The social relevance and political dimension of an education in business and finance is just as important. Destabilisation of global society resulting from a process of growing economic fragmentation threatens to culminate in potentially explosive political and social consequences that should not be underestimated. If the increasingly unfair distribution of wealth causes even greater polarisation in society, then political and social cohesion could be damaged, with far-reaching socio-political and ecological consequences.
This widening rift would inevitably bring with it a major social conflict. Education in business and finance and fair trade are the cornerstones of modern, progressive policies for the benefit of society and peace.