exhibit that is important to have financial education
programs in high school. Firstly, it will be for parents who do not have university degrees or are not
financially educated. According to evaluations, respondents whose parents did not have a
university degree were 16 percentage points less probable to know about risk diversification, which
is a crucial concept for financial decisions. While cognitive ability usually plays important role in
the difference between individuals which are related to the different level of financial knowledge, it
is not the only significant factor and that education can expand financial awareness. At the end, it is
better to provide financial education before persons participate in financial contracts and before
they begin making financial choices. According to these aspects, it may be essential to expand the
value of financial knowledge programs presently existing in high school. Their research also
lightened the significance of parental influences on young people‘s achievement of financial
education. Including parents in a financial education program might be better solution than only
concerning young adults. Parents who are involved in such a program possibly will take a more
dynamic part in controlling their children‘s financial activities. So, such a program can help those
parents who do not have enough financial knowledge to help their children with same useful
financial instruction which will have effect on the future students, when they should make some
more serious consumption decisions.