Financial planning experts from Gower were invited by The Guernsey Investment & Funds Association (GIFA) to talk to their young members.
Gower shared advice about managing money on a day-to-day basis and how to get into some good financial habits at a young age.
The event is part of a regular series of events organised by the GIFA ‘Academy’, which was established to provide a source of information and education to younger individuals working within the fund sector in Guernsey.
Paul McCormick, Susie Brown and Jean-Pierre Payne of Gower gave the talk as part of the firm’s ‘Education Programme’ aimed at students from age 16 through to young adults in their 20s and 30s.
The talk outlined five good financial habits to start in your 20s (or as soon as you can if you’re no longer in your 20s!) and covered managing debt, making a financial plan and how to allocate disposable income, creating a framework to start now and have for life. To liven things up, as part of the presentation the audience took part in a virtual Kahoot quiz that tested their understanding of some everyday financial products and services.
Financial advisor Mr McCormick said: “It was a pleasure to present to a cohort of fully-engaged young people, who were genuinely interested in how they could improve the management of their money. We hope that they picked up some good financial habits to have for life.”
Chair of GIFA’s Education Committee Jason Liddy was pleased to offer this opportunity to their younger members. “The GIFA Academy is committed to offering support to all members – not just those in senior management and director positions – and I’m pleased that this group of young people have taken the opportunity to learn about how to manage their money in an effective way,” he said
