“Empowering youth through financial literacy” training

Our Erasmus + Key Action 2 co-founded project “Empowering youth through financial literacy”, is been designed to achieve two main objectives:

  • Increasing the financial literacy of youth workers directly working with disadvantaged youngsters.
  • Increasing social and labor market inclusion and entrepreneurial skills of disadvantaged young people by boosting their competencies and skills on financial literacy through non-formal education tools and methodologies.

 

Following the achievement of these goals, two main results have been already developed:

  • A Practical guide on Financial Literacy addressed to youth workers and society in general, to provide them with the necessary basics, concepts and training or tools.
  • A Toolkit for youth workers on “Financial Literacy through non-formal education tools and activities”, to provide youth workers with non-formal education tools to engage with disadvantaged youngsters in the development of their financial literacy skills.

 

With the aim to test and improve our project  results, a training course was held in Georgia from 4th to the 9th of December 2022. Through it, participating youth workers have increased their competencies on the field and put in practices the developed education tools. Concretely, the training coordinates by our partner SiNC – Social Innovation and Entrepreneurship Center, aimed to:

  • Increasing youth workers’ professional skills and competencies in financial literacy.
  • Increasing youth worker’s competencies and practice to better engage disadvantaged youth groups.
  • Testing and improving the results of the developed results (Practical guide and Toolkit) as well as better preparing the development of the following ones (Policy recommendations and MOOC)
  • Provide constructive feedback on developed results.

During these days, youth workers from 5 different countries including Georgia, Poland, Greece, Spain and Belgium have been able to share their thoughts, discuss and learn about financial literacy and the best ways and practice to train disadvantaged youth groups. Key knowledge provided focused on financial statement, budgeting, funding, investments, taxation and entrepreneurship. Youth workers tested their “before training” and “after training” knowledge and skills on financial literacy, analyzed and discussed the ways in which a professional understanding of financial concepts can increase the quality of the work and provide and discovered different techniques and methodologies of non-formal training to be applied in their work with young people.

On the basis of the feedback collected, the final version -ready to be publicly used- from the concept guide and the toolkit, has been finalized, and the two subsequent project results have been approved for further development.

During the upcoming months, the Consortium will further work on the definition of:

  • A series of policy recommendations on new ways to empower the youth through financial literacy, so as to come up with specific recommendations on new specific ways to empower the youth through financial literacy.
  • A MOOC “Financial Literacy in the digital era”, targeting general citizens, to self-path increase their general levels of financial literacy.

We would like to thank all our partners -Social Innovation and Entrepreneurship Center – SiNC, Fundacja edukacyjno – sportowa reGeneracja, HELLENIC OPEN UNIVERSITY, UNIVERSIDAD DEL PAIS VASCO/ EUSKAL HERRIKO UNIBERTSITATEA-  for their cooperation and insightful participation.

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