Vol. 6, Issue 1, Part A (2024)

This research paper investigates the persistent gap between theoretical financial knowledge acquired in educational settings and its practical application in real-world scenarios. The research question centres on understanding the challenges faced by individuals in applying financial knowledge and exploring strategies to bridge this theory-practice gap. Employing a mixed-methods approach, the study utilizes case studies, surveys, and interviews with educators, students, and financial professionals to gather comprehensive data. Challenges identified include psychological barriers, limited exposure to real-world scenarios, and the dynamic nature of financial markets. The paper explores the role of technology as a solution, showcasing innovative tools and platforms that facilitate practical learning experiences. Recommendations for educators and policymakers include curriculum enhancements, the integration of experiential learning opportunities, and collaboration with industry stakeholders. This research emphasizes the crucial role of a holistic approach in financial literacy education, combining theoretical knowledge with practical experiences and leveraging technology to empower individuals for informed financial decision-making. The findings provide valuable insights for shaping effective financial education programs that align with the needs of individuals in the ever-evolving financial landscape.