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Explanation:
Chavs is a UK derogatory slang word for a young hooligan who wears designer clothes and starts fights, usually seen as lower class.
A misconception about financial education is the idea that it will help the individual to only spend money on what is necessary and not spend money responsibly.
<h3>What is financial education?</h3>
- It is a discipline that wants to educate individuals about their finances.
- It is a discipline that wants to help people spend money coherently and satisfyingly.
Many people believe that financial education will help a person to spend money only on necessary things that it is impossible to live without. This is a mistake, as this is not the purpose of financial education.
Financial education wants to help people to spend rationally, and avoid impulses and unnecessary expenses, allowing the individual to have better savings, have their needs met, and be happier.
Learn more about financial education at the link:
brainly.com/question/919597
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