Research Institute

Young adults doubting their financial skills programs promote the financial literacy of Wiesbaden, 19.04.2011. Young people are spontaneous in their decisions and consumer happy. According to a survey by the opinion Research Institute forsa on behalf of the SCHUFA credit compass 2011 however young adults have strong deficits on personal financial literacy. More than a third (39%) of the under-30s feels insecure, the opinion that there would be more complicated to keep finances under control when it comes to financial decisions to make are 69%. Computer programs can help to raise the own financial literacy and to prevent an excessive debt.

The first own apartment, a tenancy guarantee, contracts with telecommunication companies, banks or insurance companies: No later than that young adult financial literacy in everyday life have to prove with the beginning of the training or the excerpt from the parental home. The question is after a SCHUFA-information for the purposes of credit assessment whenever provided, when to initiate credit operations. Already a mobile phone contract includes. Over 91 percent of the people stored at SCHUFA have only positive data. The SCHUFA ensures that a requested consumer credit unbureaucratically and in seconds can be established over 270,000 copies a day. The decision about a loan or a contract but always lies with the companies themselves. As it stands to the own credit, consumers using the SCHUFA information can learn online. With this service, registered members of the consumer platform can online at any time retrieve their data, as well as the current base score, manage, and control.

The system of a financial review that compares all revenue and expenditure is advisable for a meaningful budget planning. It creates an image of personal finances and perhaps to fund potential savings to your next holiday trip is visible. Simple surveys or so-called Accounts can be found for free on the Internet.