Financial literacy is a critical skill that is essential for achieving financial inclusion. Young women who are not in education, employment, or training (NEET) often face unique challenges when it comes to managing their finances and achieving financial stability. However, by addressing their financial literacy needs, we can empower these young women to take control of their finances and make informed decisions about their money.
The FLY-IN (Financial Literacy for Young Women) project has reached a major milestone with the completion of its first deliverable. This initiative aims to address the financial literacy needs of young NEET women and promote their financial inclusion. The 1st deliverable is a curriculum, which is now available in four languages (English, Greek, Swedish, and Macedonian) and can be found on the project’s website, https://fly-in-eu.com/. The pedagogic resources developed for this curriculum focus on four core competencies that were identified as the weakest points related to the financial literacy levels of young women. These include:
- Introduction to Budgeting: This section covers the basics of budgeting and explains why it is important for managing one’s finances. It provides tips and tools to help young women create and stick to a budget.
- Tracking Your Spending: This section covers the importance of monitoring one’s spending habits and provides a simple and effective method for doing so. By tracking their spending, young women can get the most out of their monthly budget and make informed financial decisions.
- The Concept of Financial Health: This section covers the importance of financial health and how it relates to overall well-being. It includes information on smart decision-making and how to set financial goals.
- Identity Theft Issues & Safety: This section covers the dangers of identity theft and provides tips and tools for protecting one’s personal and financial information. It aims to raise awareness about the importance of safeguarding one’s identity and financial assets.
In conclusion the FLY-IN project, aims to empower young women to take control of their financial future. By providing access to these resources, by making it easier for young women to acquire the knowledge and skills they need to achieve financial literacy and inclusion. By providing education and training, mentorship and networking opportunities, we can empower young women to take control of their finances and achieve financial stability.