We encourage the financial literacy of children and young people

The purpose of such a project is to make people financially literate so that in the future as few families as possible will find themselves in unfavorable financial situations

On September 17 and 18, 2019, the first transnational meeting was held in Virginia, Cavan (Ireland), marking the official start of the Piggy Bank project. Representatives from 7 European countries attended the meeting and offered an overview of the current state of services in the field of adult education in their countries with an emphasis on family learning. At this meeting, the partners analyzed the project and jointly determined the work plan, expected results and effects.

This project was designed with the aim of raising the level of financial literacy in all partner countries with an emphasis on helping families who need such knowledge. The purpose of a project like this is to make people financially literate so that in the future as few families as possible will find themselves in unfavorable financial situations and thus directly threaten the existence of themselves and their families.

For many adults, the issue of financial status is the source of all other problems they face, and in the long run these problems can result in bad family relations, break-ups of friendships and relationships, and in the most extreme cases even violence and suicides.

The project primarily focuses on families that use mobile technologies in their daily lives, because the participants will have the opportunity to acquire essential knowledge about financial literacy through the use of smartphones. The target group of the project is not only adults with a lower level of financial literacy, but also children of various age groups in order to better prepare themselves for all the financial challenges and pitfalls they will encounter throughout their growing up and life.

Find out more about the project in the Elevation project newsletter: