Project Description

This project aims to develop the competencies of 42 youth workers from the 3 countries (Romania, Bulgaria and Lituania) in creating, adapting and applying non-formal education methods about financial management with youth aged 18-25.
The project will include implementing a financially accurate non-formal education program for 900 young people which will help them better understand and administrate their finances. Lastly, the project will create a competent network of youth workers that can support youth and other youth workers.

Who is the project for?

The main target group are youth aged 18-25 about to finish highschool or already in their studies at university who are struggling with their new financial independence. This target group will also include disadvantaged youth (10% of total), 30 disadvantaged youth from the Roma minority, involves 30 youth from placement centres who graduated and are now working and living alone facing various difficulties and 30 youngsters belonging to the NEETs group who lack the courage and motivation to change their lifestyle and are unaware how to manage alone their finances and their life.

Main objectives

The main objectives are:

• creating a competent network of youth workers that can support youth and other youth workers in understanding and applying NFE methods about financial education;
• developing a financially accurate (based on academic input from ASE and practical knowledge from BCR) non-formal education program that will target 900 young people and help them better understand and administrate their finances and last,;
• creating an online App targeting young people which enhances financial literacy by providing an opportunity to youth to practice taking financial decisions and learn by the consequences.