United Arab Emirates. Dubai. To enhance the knowledge of financial management for young students of UAE, a unique simulation-based program ‘F@ST’ is launched in Dubai. The Financial Awareness Simulation Training (“F@ST”) is curated specifically to equip Millennials and GenZ’s with personal finance skills. It will help them take financially responsible decisions, informed personal finance choices and develop positive money habits.
The program is aimed at teaching the new generation to manage their personal financial affairs through various life stages, build greater resilience and equip them to take key life decisions. Focused on equipping Millennials and GenZ’s with knowledge and universal key skills in financial literacy, F@ST imparts these concepts in a fun, interactive and practical fashion through a real-life simulation.
Vijay Srivastava, Co-founder, F@ST shared with Transcontinental Times, “Everyday decisions made by the younger generation on their spending, saving, growth and retirement planning are all directly dependent on their financial awareness. This makes Financial Literacy a crucial life skill. Young adults are under prepared for life outside the comfort of their homes, at university and beyond due to critically low levels of awareness. A unique teaching methodology, F@ST is an effort to invest in the future for the future generations as they learn to build a positive outlook towards taking the right financial decisions.”
“With the unprecedented uncertainty the world is going through, it becomes even more important for young people to plan their financial future carefully and equip themselves with knowledge to have better control on their finances through different life stages.” he added.
The F@ST program is completely online, delivered via ZOOM and on the G-Suite applications platform. The participants access the program from their personal laptops over the internet, with an interactive and front row view of the interface. Modules are spread across two days and 6 enriching facilitated sessions, simulating the financial journey of a family over a 15-year period and encouraging constructive debates and discussions between participants around the four pillars of personal finance – household budgets, long term goals, asset allocation and managing uncertainties.
F@ST has been created by a seasoned team of financial industry and technology professionals who are passionate about Financial Literacy and skilling young adults.