Financial Literacy for Woman in the NEET system Erasmus Project

Project Title

Financial Literacy for Woman in the NEET system

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 2019

Project Topics

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

Project Summary

Financial literacy is globally acknowledged as an important element of economic and financial stability and development. There is mounting evidence that those with higher financial literacy can better manage with their money, participate in the stock market and perform better on their portfolio choice, and that they are more likely to choose mutual funds with lower fees. The need for financial education must be addressed to a group of woman that are marginalized, have low-income or are neither in employment nor in education. (NEET) Women who are not financially literate can’t be as productive as they could be and are not only harming themselves but also the whole community, so they need a proper education. Partner in this project will develop the curriculum with appropriate, friendly oriented and easy to use digital learning games for NEET women. These resources on the topic of financial literacy will be developed through 4 core competences: money and transactions, planning and managing finances, risk and reward and financial landscape. Each of the selected areas will be developed through 6 mini learning format resources (24 in total). For adult educators, the training programme will be developed to support them in using new resources, to support the delivery of new developed curriculum and also to develop key skills to enable them to work in this new digital environment in the future. Two adult educators from each partner institution (12 in total) will be participating the teacher training programme to gain and adopt all necessary skills to carry out the piloting of the developed curriculum on the topic of financial literacy to NEET women (75 women engaged in total – 15 from each partner country). An e-learning portal will also be developed to link all developed materials and resources and to support the adult educators during and after completing the training programme; a social networking space where the new trained educators and NEET women can gather and support each other, share advice and offer support.
When all developed financial literacy resources and the e-learning portal will be tested and established and ready to present, the multiplier events will be organized in each partner country where a minimum of 60 persons will be participating: a minimum of 30 NEET women will attend these events to engage with the resources developed, a minimum of 30 people who are teachers, trainers, and other adult education providers, school managers, representatives of local and regional institutions, stakeholders and government bodies responsible for developing the adult education system, adult educators who complete the training programme will also attend this event to introduce the new resources for the new, modern, dynamic and interactive learning. Main aims of the project for NEET women are to improve understanding of financial concepts and products, build financial skills and competences to be more aware of financial landscapes, to strengthen their confidence and self-esteem in their financial skills to equally participate in modern society.
Main aims of educators are to increase and strengthen self-esteem in carrying out developed curriculum for financial literacy education, to increase digital competence and raise awareness of financial literacy needs.
It is expected that more than 400 people engaged in the project and are familiar with the developed materials and known with the designed new e-learning platform. The expected impact on participating organizations: they will have more efficient and trained teacher staff open to new challenges. The partner organizations will be more prepared for the innovator role and lead innovation in adult education in their town and region.
All project partners are members of different networks, committees, management groups, representative bodies at regional, national and international levels and enjoy regular contact and interaction with other professionals working in similar circumstances or roles. For the project to have a strong impact at all levels, partners will be the main carriers in presenting and promoting of project concept and outcomes as they emerge.
Project partners will focus the attention of their dissemination efforts at national and international representative bodies like teacher training networks, teacher trade unions, education associations, employment agencies. Building the skills and competences necessary for financial literacy and digital awareness is now a challenge that will remain at the center of education and training for the future. The documents, tools, and resources developed by FLOW project will remain relevant for adult education professionals working with NEET women beyond the project life-cycle and the dynamic media content produced will be appropriate for use for a least another 5 years.

Project Website

http://www.flow-project.eu

EU Grant (Eur)

Funding of the project from EU: 144678,65 Eur

Project Coordinator

Stankovic d.o.o. & Country: HR

Project Partners

• Ustanova za obrazovanje odraslih Dante
• CREATOR EUROPEAN CONSULTANTS S.R.L
• E.RI.FO.-ENTE DI RICERCA E FORMAZIONE
• INSTITUTE OF ENTREPRENEURSHIP DEVELOPMENT
• INOVA+ – INNOVATION SERVICES, SA