Financial Awareness and Mindfulness, part 1.

Join Eartha as she interviews a special guest, Mr. Cedric Elevancini 

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(Banker and Financial Advisor). Mr. Elevancini shares his expertise from his 12 to 14 years of experience in banking, real estate, and business advising. Cedric emphasizes the critical need to teach children about financial management from a young age. The psychological influences of buying, money management, and the development of saving habits are passed to childhood learning through parental financial behaviors. Parents are encouraged to be aware of the role of their parental behavior as a role model for children and their unique influences in guiding children to make responsible financial decisions.  Financial stress develops when people try to live beyond their means or income. When people compare their material wealth with others, stress can be an outcome. 

As a result, it is very common for people to come into the bank and request extra money, like a credit card, or to request some advances on their credit card or lines of credit. Acquiring a loan, credit card, or cash advances are financial tools. Sometimes, financial tools are necessary. However, we must manage our finances with awareness and good judgment. There’s nothing wrong with using those financial tools to accomplish a job or goal. Remembering that family is essential in one’s life is paramount. Money is a tool that provides a livelihood for family life. 

Check out our video about it here!

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