Curriculum Financial Basic Education/30 days challenge Erasmus Project

Project Title

Curriculum Financial Basic Education/30 days challenge

Project Key Action

This project related with these key action: Cooperation for innovation and the exchange of good practices

Project Action Type

This project related with this action type : Strategic Partnerships for adult education

Project Call Year

This project’s Call Year is 2020

Project Topics

This project is related with these Project Topics: Key Competences (incl. mathematics and literacy) – basic skills; Economic and financial affairs (incl. funding issues); New innovative curricula/educational methods/development of training courses

Project Summary

The educational project entitled: “Curriculum and Challenge for Learning and Applying Financial Literacy”(FibiC) trains every user in the implementation of a competent and self-determined handling of money.
Money is a mirror of joys, fears, origins and hopes. 30 percent of Europeans currently have no savings at all. This is the result of a first European savings study conducted by the market research company TNS on behalf of ING-DiBa. More than 14,000 adults in 14 European countries were questioned about their savings behaviour. Over a financial lean period of three months, only 49 percent of Europeans could bridge their current standard of living with their own savings. 30% of people in Europe live without any savings at all. Why?
Money awareness and behaviour is culturally, traditionally and familially shaped. Conditioning is mostly unconscious.
Hardly anything connects our problems and desires as much as money. It underlies our problems and drives us.
The competent handling of money cannot be found in any textbook, although this basic competence is so existential. Recent studies by the OECD have shown that people with less basic financial education are more likely to take out expensive loans, overdraw their credit lines more often and save less for their old age.
Some of them have difficulty paying their bills and need professional help to deal with their debts adequately. In times of Corona, the need for many people to manage with less money is intensified as unemployment and short-time work increase.
It is more important than ever to learn how to budget with the available resources. Because people who manage well financially rethink spontaneous purchasing decisions, pay attention to their overdraft limit, pay their bills on time and save more.
As in many European countries, there is an urgent need to improve understanding of money and financial matters and to empower people to manage money wisely. Such efforts could (and should) be integrated into a European strategy for financial education,
This (learning) task is carried out by a consortium of 5 partner countries (DE, BG, ES, AT, BE) All partners have extensive experience in adult education.

The declared aim is the development of a curriculum that serves as a guideline and orientation for educational institutions when they plan and design their education and training measures. The curriculum will define the required knowledge and competences and will be applicable across target groups, adaptable and sustainable transnationally. The didactic approach is anchored-instruction based and describes a learning environment that confronts the learners with problems that they should solve independently. With this method we want to counteract knowledge without application or reality related context. From this background, the idea arose to develop a topic-related challenge in the form of a challenge calendar for the respective building blocks that are part of the curriculum, which allows users to deal with problems from the real context, thus giving them the opportunity to deconstruct, analyse and reconstruct their understanding. (e.g. Buy Nothing List)

Training material with practical exercises already exists in Europe (e.g. DE-“CurVe”; “Klartext” AT)) Within the framework of our project “FibiC”, material from various sources is collected, checked and combined into concrete knowledge modules.
The curriculum is structured in modules that cover all important topics related to basic financial education.
The partners plan to make the curriculum available to as many education providers and different adult education institutions as possible during the project period and afterwards. The long-term goal is to establish the curriculum as a European reference framework-
Such a reference framework will ensure comparable quality throughout Europe.
Initially, the module-related callence will be available free of charge to all target groups in 6 languages with an initial quantity of 5000 units. By solving the Challenge tasks, users from different approaches will benefit other countries, because the handling of money is culturally, traditionally and familially influenced.
The results are published on a website and linked to each partner site. FibiC” will disseminate all results via the European Consumer Debt Network (ECDN) in all member states. “FibiC” will soften traditional, cultural patterns of behaviour in dealing with money and will strengthen transnational learning in its implementation.

EU Grant (Eur)

Funding of the project from EU: 188065 Eur

Project Coordinator

RECHT IN EUROPA EV & Country: DE

Project Partners

• Asociación Socioeducativa Eduplus
• Sambucusforum vzw
• Schuldnerberatung Oberösterreich
• MITEINANDER IN EUROPA EV
• International Banking Institute
• UCHEBNA RABOTILNITSA EVROPA SDRUZHENIE