Youth workers have a lack of knowledge about how to organise and deliver training on teaching youth with fewer opportunities on financial literacy in understandable way. It is 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 will design the handbook and the topics there that these youth can easy understand and replicate. It will be culturally sensitive including proper etiquette related to the youth with fewer opportunities. In addition, we will provide sessions on benefits planning. Several youth may be sensitive to issues related to finances and other money matters and even vulnerable. We will try to make connections with them at an emotional level in order to teach them life related inclusive skills.

We have also conducted interviews with relevant key experts per country in financial literacy program development, implementation, and delivery; benefits planning; and asset development to validate our concept and planned results. The genuine need analysis from this survey showed very low level of comprehension of financial concepts by Roma and immigrant youth. They do not have any clue how to organise own financial management or the one of their families (do not forget that several Roma students are married at aged of 16-17). The needs of our project are also in line with the “EAEA Improving financial literacy of the Roma population” survey. It clearly says that besides often struggling with managing their family budget, the target group also has problems finding reliable information and using customer services. We expect with our training programme to enhanced not only the skills of these youth (in terms of digital and financial literacy) but also to increase their motivation for learning. The partnership’s motivation for the project relies on the experience with the specific target group of the Roma population, their needs for more and exclusive education based on a big leap they have to make towards their stable and independent economic position. The Roma constitute the largest ethnic minority in Europe, yet their situation is still  characterized by discrimination, social and economic exclusion. Defined by their poor financial situation, high illiteracy, low knowledge of money management.


First, by applying uniform methodology in all partner countries, we wanted to find out what are the needs of the Roma in this field. During the prototype development of the illustative handbook, educative videos and useful worksheets we will carry out guided interviews with individual Roma and LA immigrants to validate the applicability of the prototype versions. We will evaluate to what extend these materials will help these youth with fewer opportunities to successfully manage their own and family finances. We will develop an educational programme on how to efficiently manage family finances, be an informed consumer, save money and shop wisely. The project deliverables will become then regular method for ensuring the successful acquisition of financial literacy training to youth with fewer opportunities with whom all five partners are working on daily basis. In this way, we will ensure the regular provision of trainings, which will extend the youth’ knowledge and skills for short-term personal finance management and financial control: budgeting and control over household expenses, timely servicing of debts, reasonable judgment in making commitments and purchases. This training will provide them with knowledge and skills for risk management and building financial sustainability, but also for financial planning in the medium and long term: setting goals, saving and investing, including for the purpose of providing for the retirement period. In this way, the partners will continue to raise youth’ awareness of financial products and services including knowledge of the nature, opportunities and risks inherent in the respective products and services, ability to make informed choices about appropriate products and services, but also will provide awareness of the rights and obligations of consumers of financial services and mechanisms for the protection of consumer rights.