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Low financial literacy as a reason for the recurrence of homelessness
KORYTOVÁ, Ivana
This dissertation was to present the relationship between low financial literacy and recurrence of homelessness. One of the many causes of homelessness in this case is lack of funds leading to foreclosures and debt and lack of financial responsibility. The research, which was carried out in the form of a qualitative approach with the method of case studies, which were made using observations and narrative interviews, showed that low financial literacy among homeless people manifests itself and is connected with their return to social services. In the case of debtors, for example, ignorance of the amount owed and fear of working as a full-time employee, in the sense of fear of enforcement deductions, when debtors have a misconception about deductions and non-disposal income. Their disregard for debt and overall financial irresponsibility will always land them back in the shelter, thus relapsing into homelessness. The results will be provided to social workers and workers in social services at Charita České Budějovice and students of the Faculty of Health and Social Sciences of the University of South Bohemia in České Budějovice. The work has the potential to serve as a basis for information on the issue of homelessness and education in the field of financial literacy.
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Formation of client´s financial portfolio
Salai, Ondřej ; Smrčka, Luboš (advisor) ; Schönfeld, Jaroslav (referee)
The topic that is shared by everyone is taking care of personal finances. Whether we like it or not, we have to solve it in present time, because of the negative later consequences. By the time, when we still are influenced from the effects of financial crisis, we need an ability to manage our financial assets more than important. Situation like this should give a signal to educate ourselves and get interest in it. The primary is not to apply the knowledge gained in professional life, but using knowledge can gain some personal savings. I take a closer look on a way how to organize your personal finances in portfolio as much as corresponded with the financial possibilities and objectives of investing ideas. I focused especially on those questions in life, which people are confranted with most often; such as how to deal with unexpected absence of income, how to provide for your own housing, why its important to worry about pensions and gathering financial reserves and when to commence investments and riskier instruments. In the next section, I will concentrate on particular products from the field of insurance, banking and investment that can be used in the making of personal financial portfolio. I decided to involve this section in my paper in order to avoid discussing only creating the financial plan but also to be able to figure out Instruments can create such a plan in real life. In the last section 'Example from real life'; my aim was to apply the facts from section one and two on a particular example of an imaginary family. The analysed portfolio is based on a real-life scenario but the one used in the dissertation is for demostration purposes only. While writing my dissertation I have used the knowledge I have gained from working as a financial consultant and obviously the academic texts in order to justify my arguments from the academical perspective.
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