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Spreading Knowledge

Welcome to the Financial Literacy for the economic development of society Erasmus+ project website.

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Financial literacy is considered as one of the literacy areas required by the digital age. Young people are faced with more complex financial products, services and systems in today's world where rapid transformations, innovations and a large data flow are experienced. Under these conditions, young people's awareness of financial risks and opportunities, their ability to manage their budgets correctly, and their ability to develop foresight against financial problems will contribute to improving the financial health of individuals and therefore society. At this point, providing financial education for young people as early as possible and integrating financial education with the compulsory education curriculum, which are frequently emphasized by the OECD, are the issues to be considered. This competence, which will affect the welfare level of individuals and society, should be presented within the framework of equal educational opportunities for each individual. Countries risking such a competence by waiting for individuals to develop it within their own means and ignoring financial education may cause negative effects that will prevent the healthy functioning of the financial system in the society in the long run. Financial literacy means much more than money and budget management at a basic level. Because the consumption and saving habits of individuals in their own households reflect the financial character of the society. In today's socio-economic conditions, it is important for individuals to have financial literacy skills in terms of both predicting and solving financial problems and leading a prosperous life. In order to catch up with the ever-evolving and changing world, financial issues need to be followed and people need to be able to make the most meaningful decision for their own lives. This can only be achieved by seeing your financial situation, maintaining financial balances, accepting change, and knowing that financial literacy is a lifelong concept. It should not be forgotten that in a globalizing and borderless world, even a crisis in another country is reflected on us. Being able to see the butterfly effect in the markets and take precautions will be possible with financial literacy. Financial literacy is a basic life skill that every individual needs. It helps you understand the basics of economics, personal finance and money management and apply these concepts in your daily life. In order to carry the concept of financial literacy to the level of financial competence and financial awareness, it is very important to define it as a culture from an early age. With increasing digitalization, it is now easier to internalize information and set financial goals. Based on all this, we can say that financial literacy is a key skill. As a matter of fact, our project aims to develop this skill at an early age by using digital methods and materials.

Expected results:

  1. Prepared curriculum and teaching materials on financial literacy, which will be taught at the secondary level by the experts in the partnership.
  2. The content and activities in the curriculum will also be included in a prepared digital edition.
  3. A digital portal will be created where students and teachers will have access to financial content and will be able to conduct online financial transactions. The portal will allow students to perform simulations of: calculating credits, withdrawing money, depositing and monitoring financial transactions in a virtual environment. The virtual environment will be used for hands-on training regarding their financial literacy.