Conclusion and Recommendation

Definitely Tanzania still has a challengeable situation when it comes to provision of financial education to the young learners. With the 2016 financial education framework which is well stated and it has some compelling hints to foster financial understanding in the country from the lower level formal and informal studies. In simple terms the implementation of it depict non-inclusive approaches to foster financial education in the country and most of the
efforts are short-lived with no long-term repercussions. As it has been shown by the analysis of the syllabus that there is a dearth of personal financial impartation contents to the learners. And most of the initiatives don’t target the young people because they have no financial resource base. We therefore put forward these recommendations:
There is a need to restructure the contents of the courses in the finance related subject to have more contents which may have direct impartation of financial literacy to the learners. All the core financial related subjects may become mandatory to all students who in all levels of primary and secondary schools structured in and incremental basis to suit the financial need of the learner and the level of understanding at different age. Parents and educators are supposedly to be proactive in promoting and requesting the government authorities to support and include financial education in their formal curricula. For instance subjects like mathematics, Civics and social sciences can be molded in a way that impart financial capabilities among the youth. Targeting the young and the youth in advocating for financial literacy is of paramount importance. The trend show that adult consumers may tend to be more stubborn when it comes behavior change. Primary school syllabus need to be added with subjects that can directly impart financial knowledge to the learners. This predispose the important role financial understanding can play in people’s life beginning at tender age.
Financial literacy is closely embedded to the advancement of technology, much of the financial transactions are undertaken on paper less electronic devices be it computers, mobile phones and other internet based wired gadgets. Therefore, it is imperative that students be given an avenue to handle transactions with electronic gadgets rather than just play games with them. Technology can be huge asset if implemented and harnessed in an effective way. Teachers and parents they ultimately hold the responsibility to teach young people about personal financial management.
The general literacy level of the consumers stand to be a fundamental foundation for financial literacy, therefore as developing world come up with initiatives to increase the level of literacy, personal financial literacy may not be left out. As the strategies are results of collective efforts form various stakeholders from private and public sectors, they are to be implemented in phases monitoring progress while benchmarking the results with other countries having success stories.