Improving the Financial Literacy and Financial Awareness in Tanzania

We believe having better personal finance knowledge changes your world and the world around you… FOREVER!

We believe having better financial knowledge changes your world and the world around you… FOREVER

Countries and their communities are not financial service institutions and do not generally provide personal financial advice. However, they can serve as advocates for their citizens, workers, and politicians (The Community), and thus can encourage them to learn about the essential principles to money so they can make better every day informed money decisions. They can also encourage the members of The Community to get and keep their financial, estate and gift plans current as part of their personal growth and preparation for life and all its challenges.

Countries and their local communities are in a strategic leadership position to materially improve the quality of life of their citizens. This happens through governance, social welfare programs, laws and taxes, defense and protection, advanced healthcare, educational initiatives and through a new powerful life -long learning connection to the people that make up The Community.

Forming and participating in The Improving Financial Awareness & Financial Literacy Movement in Tanzania will benefit ‘The Entire Community in Tanzania’ by having happier and financially successful constituents, creating jobs and helping to build a robust economy, while reducing poverty, crime, and the strain on social welfare services.

Significantly improving financial awareness & financial literacy can have a major positive impact on our

Healthcare – Advancements in healthcare and technology are helping us to live longer, healthier, and higher quality lives. Improving financial awareness and financial literacy will help us earn more and attract needed money for a high quality education to take advantage of these healthcare advancements while reducing stress a major cause of health problems.

Education – Improving financial awareness and financial literacy will help us increase our quality of life, attracts the needed financial resources to advance our education system so that every man, woman, and child has the fundamental life skills, knowledge, and opportunity to live successful, happy and productive lives.

Agriculture & Food Supply – The important agricultural sector is under developed and largely inefficient, employing 67% of the workforce compared to less than 3% in the more developed countries. Improving financial awareness and financial literacy will help to better manage natural resources, better feed and provide for the growing population, while creating higher paying jobs for farmers to better grow a sustainable economy. (2)

Economic Empowerment & Jobs – Key drivers of our economy revolves around every man, woman and child having their basic need covered with encouragement, education and support to enhance all Tanzanian’s to live successful, happy and productive lives. We give particular emphasis to significantly improve financial awareness and financial literacy as this empowers all people to make better informed everyday money decisions. This helps all Tanzanian’s to obtain great jobs and build a better life for themselves and the families. This also encourages families, youth women and men in Tanzania to explore and initiate innovative businesses and micro-enterprises.

Peace & Reduced Violence – Lasting peace and reduced violence will only exist when THE PEOPLE of Tanzania are properly nourished, healthy, have low or no debt, and have the knowledge and life skills that provides them the opportunity to live happy productive lives, raise their families in safety and don’t run out of their personal wealth and become a burden, before they pass.

Financial Service Advisors & Financial Product Providers & their Organizations, such as attorneys, accountants, bankers, trust officers and private fiduciaries, realtors, insurance brokers and agents, investment brokers and agents, wealth managers, financial advisors, benefit by acquiring new business from more informed and motivated clients.

Employers, Farmers, Telecom & Technology Companies benefit from earning more money while having employees who are less financially stressed, happier and more productive.

NGOs, Nonprofits & Fundraisers benefit their organizations with increased donations, planned gifts, alternate beneficiary selections and bequests.

Philanthropists benefits by helping to solve a major social problem that leads to a better world.

The News Media benefits from increased ad revenues and by providing its audience with timely valuable information.

Everyone and the world actually benefits with a stronger and financially sound economy.

Tanzania’s Government, Business, Financial Service, NGOs & Nonprofits, Educational Professions and their organization’s thought leaders by significantly helping to solve a major social problem. This creates goodwill for Tanzania thus attracting new local and global businesses and strategic partners, retain existing ones, while building support for other key initiatives.

Families benefit by learning the essential principles to smart money; it empowers them to make better informed productive everyday money decisions, save time and money with their financial advisors and product providers, and have the best possibilities to reach and maintain their personal and family financial dreams, to enjoy a financially secure, debt-free future, while passing on their values, knowledge and assets to future generations to make their lives and this world a better place.

Schools, Colleges & Universities benefit by having alumni, faculty and staff who are less stressed, happier and more productive and more philanthropic with increased donations, planned gifts, alternate beneficiary selections and bequests. This opens the door to significant development opportunities for Universities and Colleges to reduce education costs and fund student scholarships, faculty grants, research and other projects through gifts, bequests and deferred gifts that are a part of The Community member’s financial, estate and gift plans.

The Improving Financial Awareness & Financial Literacy Movement in Tanzania can help make all this happen and so much more.

Our Mission

The mission of The Improving Financial Awareness & Financial Literacy Movement in Tanzania is to significantly help solve a major social problem dealing with a lack of financial awareness along with the financial illiteracy epidemic.

Teaching financial awareness, financial literacy and sharing the essential principles to smart money – the foundation to personal finance knowledge – are very important as this gives people the tools of empowerment too:

Make better informed everyday money decisions so they can

  • Live a quality life without outliving their wealth
  • Watch personal / family dreams become a reality
  • Make decisions about their lifestyle without financial worry
  • Enjoy a financially secure debt-free future

Work with financial professionals and product providers to get the best results from their time and money

Pass on their values, knowledge and assets to future generations to make their lives and this world a better place

Vision

We envision a world where every person is well educated and has personal finance knowledge, access to the right financial advice and the skills and tools to manage their finances. Providing everyone the opportunity to achieve and maintain their financial stability, security, and freedom throughout their lives, while they pass on their values, knowledge and assets to future generations to make their lives and this world a better place.

Core Values

Public Service – Serve as a nonpolitical “financial awareness advocate” to the general public providing them with the essential principles of smart personal financial management – the foundation of personal finance

Knowledge – so they can make better everyday financial decisions throughout their lives.

Knowledge – Encourage and support financial education to improve financial awareness and financial literacy.

Collaboration – Recognize, promote, & unite organizations that are championing improving financial awareness & financial literacy with other organizations, nonprofits, educational institutions, municipalities, employers, & individuals.

Diversity – Promote cultural diversity within the financial services and nonprofit professions to better serve a diverse public.

Ethics – Encourage ethical behavior within financial service professions, nonprofits, and the business world.

Goals

Substantially improve financial awareness and financial literacy across all ages, incomes and demographic groups.

Touch every woman, man and child – at least 2 times per year with educational and motivating reminders to get and keep their financial house in order with a current financial, estate and gift plan.

Alert the general public – rich to poor – why having a current and up-to-date financial, estate and gift plans are an important financial responsibility not only to them but to their families, and loved ones.

Inform and educate the general public, in an entertaining format, to the essential principles to smart money management – the foundation to personal finance knowledge.

Motivate the general public to take appropriate action to get and keep their financial house in order with up-to-date financial, estate and gift plans.

Guide the general public to find the right financial service professionals to cost effectively implement and update their financial, estate and gift plans.

Educate financial service and nonprofit professionals and their organizations to better serve their clients, the general public, and potential donors.

Unite all parties interested in Improving Financial Awareness & Financial Literacy and encourage them to participate in The Movement.

The Strategy & Plan

 

  1. Recognize thought leaders amongst the Stakeholders that are and should be championing improving financial awareness and financial literacy.
  1. Unite them with other associations, organizations, nonprofits, educational institutions, municipalities, and employers to actively focus their vast community resources into a concentrated personal finance content media blitz every six months around two strategic campaign venues.

This will be nationally, regionally and locally recognized Months with government provided proclamations around:

 

  • April known as Financial Literacy Month nth and six months later
  • October known as Estate & Gift Planning Awareness Month

The plan is to touch the majority of The People – the general public – rich to poor, financial service and nonprofit professionals and their organizations at least twice a year through strategic campaign venues, with educational and motivating reminders, and tools for making lifelong financial decisions. People will be encouraged to get and keep their financial house in order with an up-to-date financial, estate and gift plan.

 

The objective is to encourage government and social service, leadership, financial / nonprofit / education professionals and their organizations, employers, local

 

municipalities, and the news media to actively support and participate in The Movement to alert, educate, motivate and assist everyone to cost effectively establish and keep their financial

House in order with a current financial, estate and gifting plan.

 

Below is a link to The Improving Financial Awareness & Financial Literacy Movement Report & Magazine-US. This report provides a broad picture of the lack of financial awareness and financial illiteracy epidemic, an overview of the strategy behind The Movement and campaigns, and a sampling of the community participation.

 

Click on this link to open and review your copy

 

http://www.thefinancialawarenessfoundation.org/pdf/TFAF-FallCampaignReport&Magazine.pdf