The project developed training provisions (online training platform, tools, videos, podcasts content,networks),especially designed for young people, supporting them in understanding the workings of the financial context they live in,understanding the financial risks and the opportunities, making them able to take rational and informed decisions (including entrepreneurial potential), being aware where they can get help for financial products and services, being able to take effective actions to increase their well-being. The major project products are online financial literacy training platform for young people (in five EU languages), organised testing/piloting sessions for young people and trainers in 4 EU countries, established 5 national Networks of young financially intrested people,developed "Young Financial Influencer's Guide", elaborated podcasts and videos on financial topics and vast dissemination campaign to include wider audience in Bulgaria,Greece,Portugal and the Republic of North Macedonia. All the project activities led to creation of well-informed financial management mindset among the young, aiming at the development of a financially literate generation of economic actors to better deal within the economic context
Financial literacy is recognized as fundamental skill of high relevance, especially for young people. Young people are specific age group, who are relatively inexperienced in using financial products and may only recently have started handling financial transactions. The transition from youth to adulthood is financially demanding.Young people are very likely to face important financial decisions in the near future that are different from those faced by older adults, such as deciding how to fund additional education or identifying work opportunities. Low understanding on topics such as personal saving, investments, bank issues, housing loans and mortgages, income tax, insurance needs, etc., may have a negative impact on financial behaviours and attitudes regarding rational buying,consumer awareness, educational/professional career. In order to overcome this skill missmatch, the project aimed to design, develop and offer to the young, an online training provisions to support them to make informed and confident financial decisions as economic actors, producers, consumers, professionals, entrepreneurs, employees, considering that there is a direct positive relationship between financial literacy and the wellbeing of the individuals.