Financial literacy is a crucial skill set that empowers individuals to make informed decisions about their finances and achieve long-term financial well-being. Understanding the complex world of finance, including rights, obligations, and smart financial practices, is vital for navigating today’s economic landscape. On the 12-16 of June, YouthProAktiv Spain organised a transformative financial literacy training program, bringing together 24 participants for intensive learning in Madrid, Spain. The training aimed to equip youth workers with the knowledge and skills necessary to empower the 13% of European NEETs (young people not in education, employment, or training) and help them build a brighter future.

Throughout the five-day training program, the participants delved into various aspects of financial literacy. From understanding the fundamental characteristics and features of the financial world to grasping the rights and obligations associated with purchasing products or services, the participants gained a comprehensive understanding of the financial landscape. YPA Spain believes that when individuals are aware of their financial rights and obligations, they can make informed decisions and actively shape their financial future.

The program incorporated a variety of engaging activities to enhance the learning experience: ice-breakers, reflective exercises, and role plays. One standout activity was “Two Truths and a Lie”, where participants had to discern the false statement among two true statements related to financial literacy. This exercise challenged their understanding and encouraged critical thinking.

Furthermore, the training program provided participants with valuable insights from three esteemed guest experts that added depth and real-world perspectives to the training, enriching the participants’ learning experience. Miguel Cantero López, an Engineer at Fivecomm and a young entrepreneur, shared his expertise in entrepreneurship and financial management. Peter Claeys, a professor at Universidad Pontificia de Comillas, contributed his knowledge in financial education and economic literacy. Jorge González, an expert in Investor Relations at Bestinver, provided valuable insights into the world of investment. 

On the final day of the program, we held a Youthpass ceremony, that served as a platform for individual reflection, fostering awareness about the learning journey undertaken by the participants. In conclusion, at YPA Spain we believe that by fostering financial awareness, knowledge, and skills, our training program has made a significant contribution to building a financially literate and empowered generation. YPA Spain would like to express its deepest gratitude to the National Agency (INJUVE) and our esteemed partner organisations for their invaluable support and assistance.