College students will learn financial education with Porvenir

Within the framework of the activities of Global Money Week or week of financial education that is celebrated this year from March 20 to 26 worldwide, the Porvenir Pension and Severance Fund said that will be present in 16 public and private schools in different regions of the country, seeking that more than 2,800 children and young people learn about the importance of saving in a simple and didactic way.

From March 21 to 24, the AFP will be in schools in Bogotá, Medellín, Bucaramanga and Barranquilla carrying the board game ‘The future is Savings’ that teaches in a didactic way how to meet savings goals.

Read: How to be smart about finances this year

According to Bernardo Sánchez, manager of Marketing and Sustainability at Porvenir, “It is key that learning mechanisms are generated from an early age and we have identified that, through play, children and young people understand and learn what saving is. The game is designed so that, with real life exercises, they can learn how to achieve savings goals”.

The most recent report from the Latin American Federation of Banks (Felaban) indicates that only 24% of Colombians have formal savings. “Taking statistics like these into account, at Porvenir we have focused on bringing financial education to families, schools and rural areas, providing them with tools that allow them to understand the importance of saving, convinced that this is the best way to close social gaps. ”, indicated the manager.

Read: Unemployment and finances, the biggest concerns of young people

Bernardo Sánchez also announced that since 2019 Porvenir has been participating in Global Money Week (GMW) under its financial education strategy “The Savings Academy”, impacting more than 5,000 students who today have financial bases and they understand that saving is the vehicle to achieve goals.

Global Money Week (GMW) is a global celebration organized by the Organization for Economic Cooperation and Development (OECD) that promotes efforts to improve the financial education of children and youth around the world. Its purpose is to ensure that they have access to high-quality financial and economic education, learn about money matters, and are able to make smart financial decisions for their future.

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This year, the GMW reaches its 11th edition and the central theme is “Plan your money, plant your future”. The objective is to promote sustainability and the implications that individual financial behavior has not only on the financial future of people, but also on the environment and society. This year, more than 170 countries will participate in this event.

This year, again, public, private and non-profit organizations join the celebration of this week of financial education with different activities designed for children and young people to awaken their interest in financial education through drawing, photography contests , videos or games like “Futuro es Ahorra” from Porvenir.

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