FINLICO

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FINANCIAL LITERACY

Financial literacy is the ability to understand money matters and to have one's funds "under control". It also means having the skills to manage credit and debt reasonably and to make sound financial decisions.

www.financial-literacy.eu

Partners: Portugal, United Kingdom, Czech Republic, Austria, Slovakia, Slovenia, and Italy

The objective of the FinLiCo project is to create financial literacy educational modules for adults. A team of educational institutions from seven European countries focuses the design of the project on increasing the financial literacy course attraction and thus also the motivation both among lecturers and among the target group. A whole range of products to improve financial literacy already exists both in the Czech Republic and abroad. There are, however, several obstacles that prevent them from being put to practices. Such obstacles include lack of information regarding the existence of such programmes, various motivation of lecturers, but particularly written handbooks which are currently – from the didactic point of view – already out of date and can hardly influence the target group in the context of financial decision-making.

The development of the FinLiCo educational curriculum will result in the creation of web-based platform called "Worth all the money" where the financial literacy educational modules will be presented in a way that is acceptable and comprehensible to the target group.




The main tools for the presentation of financial literacy will be:

  • Short tutorial videos (including comic, grotesque or tragic real-life elements). The videos will contain available products displayed in action so that the users can understand their function and meaning for their situation. If necessary, the videos will also include classic examples of incorrect decisions and suggest better alternatives.
  • The videos will further include interactive comments to provide in-depth explanations at key moments.Simulation of shopping behaviour in the Second Life virtual world (while stressing personal and family budget)
  • LARP – Life Action Role Plays – short role plays for financial literacy workshops and seminars where the course participants will have the opportunity to experience the roles of different people they might meet in the world of finance, thus receiving corrective experience that will be remembered by the participants. The role plays will be included in the platform in the form of tutorial videos.



The project builds on maximum closeness to the needs and language of the target group for which it has been created. The authors have avoided intellectual and academic forms of educational materials such as textbooks, written manuals, PowerPoint presentations or similar which are irrelevant for the financially illiterate.

All videos will be included in the platform over YouTube. This will enable the videos to be watched directly on YouTube and to be shared over social networks. These channels are highly suitable, considering the target group characteristics.As the Czech partner of the project, Learning4Life can offer expertise in modern educational methodology and in including new media and functional elements of educational psychology.

The project focuses on two main target groups: career counsellors working at Employment Offices and their short-term and long-term clients with limited financial literacy are the primary group. A whole range of modules to be developed under FinLiCa will be very useful for the members of this target group.The secondary target group includes all education providers for adults, e.g. retraining and language courses providers. These will benefit from the modular structure of the platform as it will enable them to select modules relevant for them and their topics.




www.financial-literacy.eu




Please feel free to contact us for more information on office(at)learning4life.eu

First FinLiCo steps...

The development of useful and interesting educational materials to improve financial literacy among the general public is in full swing. In cooperation with top financial consultants solutions are sought to bring key knowledge to adults between 25 and 60 years of age necessary to manage their funds and financial products reasonably.

Take a peek at the FinLiCO kitchen: the first preview series of videos has arrived. The videos are still in their working version, shot by amateurs, non-professional actors, and members of the development team. Therefore, please take these preview videos with a pinch of salt and look forward to the official ones that will feature professional actor stars.




You can also preview the scripts used to create our videos.

Scripts for the FinliCO films

Author: Jason Bedore ( draft version only!!!)

Thanks for the support!

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This project has been implemented under the support of the European Union. The Author is solely responsible for the contents of the publications. The publications do not engage or commit the European Commission in any way. The Community is not liable and cannot be held responsible for any use that may be made of the information contained therein.