By implementing this project we wanted to emphasize the importance of being financially literate - it has become more important- It helps individuals develop healthy financial habits, such as sound retirement planning, budgeting and saving. In addition, it helps to take more effective decisions in personal finance, such as financing the purchase of a property or achieving personal financial goals. Financially literate individuals display better saving patterns, participate more in financial markets, and better diversify risks. They also prepare better for retirement and are less prone to negative financial behaviours like excessive borrowing, fraud and cyber risks. Financial literacy also has a positive impact on the economy and society as a whole, as individuals are becoming more financially resilient, inequalities are reduced and effective participation in the economy is supported(Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5–44.) In addition, new digitalised financial services put into question the traditional way individuals collect information and take financial decisions, and may expose them to new risks. Even though young people are digital natives, youngsters may have a hard time distinguishing source and accuracy of the information and young people are more susceptible to cyber fraud. Structural changes, like reduced state-supported pensions, imply that individuals are increasingly becoming responsible for their own financial well-being. Demographic change and the current COVID-19 pandemic puts further pressure on welfare systems, underlining the need for individuals to be financially resilient (Report on the results of the feasibility assessment for the development of a financial competence framework in the EU ) According to the OECD/INFE 2020 international survey of adult financial literacy, about half of the EU adult population does not have a good enough understanding of basic financial concepts and the most vulnerable -Low-income groups, women, young people and older people are the most affected. The importance of educating young people in this field is particularly visible when looking at statistics on EU households, where mortgage debt up to 85.5 percent of total debt, this share of debt is highest for young households aged 16-34, followed by those aged 35-44 (ECB, 2016). Research shows that people form financial habits, skills and behaviours since childhood and adolescence, learning from their parents and others around them, indicating the importance of early interventions to help shape beneficial behaviours and attitudes. It is very important to educate youth in order to provide them with key life skills before they start to become active financial consumers, and the relative efficiency of providing financial education in schools rather than attempting remedial actions in adulthood. Since the formal education is not providing young people with the necessary tools and knowledge about these topics, non formal education can fill the gap and equip youngsters in this regard. It is also clear that the action is necessary to take in order to eduacte youth about finance and it goes in accordance with EU’s key concept- the equality regarding more even spread of wealth, educating the citizens in financial literacy would majorly benefit in reaching this goal. All these reasons disclosed before are background for us to create this seminar– with this we would like to raise the competencies related to financial literacy in youth work by training youth workers on the topics such as saving, investing, planning retirement, debts, borrowing, credit score, interest and budgeting by equiping the youth workers with tools that will allow them to understand these topics extensively and apply in daily life. The specific objectives were: - To explore the concepts of financial literacy - To discover and practise tools used to explore the concepts better - To learn to transfer new competencies and tools for youth workers on the topics of financial literacy since the youth workers will act as multipliers with young people of their communities - To develop workshops in order to transfer the new knowledge to others The objectives of the seminar in hand with The Commission adopted the first CMU action plan (2020) To promote financial literacy goes together with EU’s key economic policy objectives: post-COVID-19 recovery, an inclusive and resilient economy that works for all, the transition towards a digital and sustainable economy, and strategically-open autonomy in an increasingly complex global economic context. Based on Pisa financial literacy analytical and assessment framework (2021) financial literacy is now globally acknowledged as an essential life skill and targeted financial education policy is considered to be an important element of economic and financial stability and development.