Financial literacy is the knowledge and understanding of how money is made, spent, and saved, as well as the skills and capacity to make financial decisions. It is the capacity to comprehend and implement financial management abilities. Financial Education covers various element including financial, health and social elements. Financial elements include effective financial planning, debt management, accurately calculating interest, and knowing the time worth of money. Social elements refer to consumerism related difficulties, family problems, increased criminality and inability to contribute on social level to the community. Financial literacy enables people to understand the prerequisites of achieving a lifestyle that is financially balanced, sustainable, ethical and responsible. Empirical research evidence suggests financial literacy’s positive impact on financial behavior and financial status in a number of behavioral domains.
OBJ1: to create an innovative training program on Financial Literacy using Design Thinking, which can be used by women with low level of skills, knowledge and competencies, with immigration and refugee background;
OBJ2: to support women with immigrant an refugee background have equal opportunities for inclusion in all aspects of life in their new home country;
OBJ3: to support basic skills amongst the target group, such as numeracy and basic financial management skills, which will support their independence and empowerment;
OBJ4: To promote employment by increasing adults' access to the labor market, to develop financially conscious and responsible citizens/members of the society.
R1: FLY EDUCATIONAL TOOLKIT
R2: FLY EXEMPLARY TRAINING RESOURCES
R3: FLY OER & DISSEMINATION MATERIAL
The project aims to foster the development of skills and competencies for education facilitators such as teachers, researchers and institutions, as they will be actively involved in different aspects of the project (focus group, pilot testing, training activities and dissemination events).