Managing Savings
From Open Risk Manual
Definition
Managing Savings. In the context of the Financial Competence Framework, Managing Savings is a topic in the Planning And Managing Finances subject matter domain.[1]
Competences
Mastering the role of Managing Savings in financial literacy context requires the following competences:
| Code | Competency Description | Competency Type |
|---|---|---|
| 173 | Aware of reliable digital tools developed by impartial providers designed to help save on a regular basis | Knowledge |
| 174 | Monitors the growth of savings and makes adjustments if necessary | Skill |
| 175 | Keeps informed about existing personal financial management tools | Skill |
| 176 | Uses reliable and impartial digital tools to support saving decisions | Skill |
| 177 | Motivated to use tools that support financial decision making and improve one’s financial behaviour | Attitude |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union
