Before the start of our project, trainers of youth with fewer opportunities /youth workers have an identified lack of knowledge about how to organise and deliver training on teaching youth with fewer opportunities on financial literacy in understandable way based on our conducted need analysis. It was also evidenced from the lack of research or studies on the long‐term effectiveness of existing programs for these youth. Therefore, we aimed to produce dedicated illustrative guidance toolkit, which will offer to them plethora of training activities, where they can encourage the acquisition of financial and functional competences.

There are funding shortages and inadequacy of efforts to provide information in ways accessible for these youth Therefore, we concluded that these people need an alternative form of non-formal education – via educative videos and via dedicated practical oriented worksheets. It is important, that we need to keep the training material fresh, fun, and interesting, but also digital and accessible. We have designed a handbook and the topics there that these youth can easy understand and replicate. It is culturally sensitive including proper etiquette related to the youth with fewer opportunities. Several youth may be sensitive to issues related to finances and other money matters and even vulnerable. We try to make connections with them at an emotional level in order to teach them life related inclusive skills.

During the project realisation, the following training materials (project deliverables) have been produced, tested and approbated in Bulgaria, Spain and Turkiye. You may access them for free of charge by the following links:

Result 1: Handbook and educative videos for youth with fewer opportunities and youth with fewer opportunities youth in terms of financial literacy

This training handbook is specially designed for low-skilled and disadvantaged youth (and those representing ethnical minority communities) in order easy to understand the financial literacy concepts and how to apply them in their daily life. It consists of exercises, practical activities as well as illustrative explanatory materials.

In addition, we have developed 6 educative animated videos, which supplements the content of the handbook.

Educative videos:

1. Sources of income and their impact

2. Consequences of purchases

3. Components of financial planning

4. Debt and credit considerations

5. Rights and obligations when concluding contracts

6. How to behave with financial authorities

Result 2: Guidance toolkit for youth workers on financial literacy

This guidance toolkit consists of methodological and didactic advices to youth trainers and youth workers on how to deliver the financial literacy non-formal training course. Inside youth trainers may find suggestion for financial literacy curriculum modalities as well as guidance and tips on how to deliver the course to different disadvantaged groups in the society.

Result 3: E-learning platform for distance financial literacy training

The e-learning platform consists of all project results including pre- and post-assessment questionnaires for youth. The registration is for free of charge and guarantees user’ confidentiality. It is fully accessible and with user-friendly interface.

Result 4: Validation worksheets on proper own financial management:

• R4 Personal monthly budget worksheet
• R4 Crisis budget worksheet
• R4 Food budget worksheet
• R4 Holiday budget worksheet
• R4 Spending plan worksheet
• R4 Wedding budget worksheet

Above Excel based worksheets are helpful tools to validate the aquired knowledge, skills and competences by the youth learners who attended the non-formal course. With their implementation, youth trainers really can check to what extend the disadvantaged youth are capable to manage their financial future.

All project results are prepared for proper and accessible e-learning via project online platform.

You may also access the Bulgarian, Spanish and Turkish versions of the training materials.

You may learn more about the outcomes from the pilot training sessions as well as the analysis of the gathered feedback from participated youth with fewer opportunities and their trainers in the produced FINLIT YOUTH CONSOLIDATED PILOT IMPLEMENTATION REPORT (EN).