The FiLY project aimed to financially literate youth people by providing a core competencies framework based on the gamification approach. Through the implementation of concrete actions and results, the project aimed not only to financially educate youth people but also to identify new and innovative training programs, identify and adjust the curriculum to the youth needs, and bring together a group of stakeholders capable of exploiting the project's outcome and supporting its sustainability.
We applied for the project to address the pressing need for enhanced financial literacy among youth. Financial literacy empowers individuals to make informed decisions, manage finances effectively, and navigate financial systems. The project aimed to fill the gap in financial education for youth, recognizing that financial illiteracy can lead to long-term financial difficulties and hinder economic stability. Additionally, the project sought to align with OECD definitions of financial literacy, emphasizing the importance of knowledge, skills, rational behavior, and attitudes in making sound financial decisions. The project responded to the Eurostat definition of youth as individuals between 15 and 29 years old, acknowledging the critical role of financial literacy in their personal and economic development.