First world financial systems are highly sophisticated and complex. Contracts and agreements are often misunderstood by laymen. A large percentage of people who find themselves in serious financial difficulties end up in that position because they do not understand the workings of the system. It is for this reason that the United Kingdom has launched an ambitious program called Money Made Clear that aims to provide financial advice to everybody.

While the program makes use of highly sophisticated technology and expert input, it is surprisingly easy to use. The aim is to ensure that users are not intimidated, but rather encouraged to make maximum use of the telephone helpline, website and face to face meetings with financial experts. The initial set up cost and implementation was funded by the United Kingdom government. Further funding of one hundred million pounds has been allocated.

The system is available to anybody and it is free of charge. There is a high emphasis on the use of plain language that is easily understood by everybody. Advice or help may be asked regarding any financial matter. Management of bank accounts, retirement planning, debt management and the explanation of the terms of contracts are just a few examples. Advice is always impartial and real experts are employed to help solve the problems of ordinary citizens.

The system places a high emphasis of financial education. Users are able to access a host of services providing sensible and impartial advice. It is possible to obtain an individual credit rating as a starting point. Based upon this rating, advice can be obtained regarding prudent budgeting and financial planning. Easy to follow plans about planning for a family and children, obtaining study loans and bursaries and even retirement planning are offered in an easily understandable manner.

There are many systems in place that aim to address specific individual circumstances. Many of these systems are not readily accessible, or people do not know about them. This integrated new system is of great value to those that face individual financial crisis. Advice and aid is offered to those that have lost their jobs, those that are unable to meet monthly payments, those that have to deal with unreasonable authorities and many others specific instances.

The system does not only cater for those individuals that experience financial difficulties. Anybody that need advice on any financial matter may use it freely. Those contemplating buying a home, for example, may access the advice of experts in obtaining the best interest rate. Many people also utilize the service to gain assurances regarding the terms of financial contracts before they actually commit themselves.

It is almost unanimously agreed that the introduction of this service has been an unqualified success. The cost of maintaining the service is offset by the fact that fewer people need aid from state agencies. In addition, financially independent people are generally considered less likely to commit crime. Most experts agree that education is the key to civil stability, and this system goes some way in helping to ensure an financially educated public.

The Money Made Clear program is an excellent example of the type of practical, valuable services that governments can offer to their constituents. No doubt it will serve as an example to governments in other parts of the world. With creativity and commitment, it is possible to improve the lives of many people significantly.

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