UIF champions the principle of lifelong learning, underlining the vital role of social dynamics and the universal nature of human interactions in financial education.
By emphasizing inclusivity and the empowerment of socially underrepresented groups, UIF fosters environments where everyone, regardless of their social standing, can achiev
UIF champions the principle of lifelong learning, underlining the vital role of social dynamics and the universal nature of human interactions in financial education.
By emphasizing inclusivity and the empowerment of socially underrepresented groups, UIF fosters environments where everyone, regardless of their social standing, can achieve economic independence and participate as equals in diverse social and economic settings.
In this vein, UIF leads the development of our new pedagogical and learning materials for better financial literacy through awareness, understanding and application of emotional intelligence.
SAFFEX mission is that of building a supportive community and providing a comprehensive educational framework to enhance employability and entrepreneurship skills for the unemployed, newly recruited and young startuppers. SAFFEX activities are both advisory and training, especially in the area of financial management, and the approach
SAFFEX mission is that of building a supportive community and providing a comprehensive educational framework to enhance employability and entrepreneurship skills for the unemployed, newly recruited and young startuppers. SAFFEX activities are both advisory and training, especially in the area of financial management, and the approach is that of personal and business advising. They are also very active in pro-bono support for third-sector associations.
SAFFEX is the coordinator of this project, and is also leading the training of teachers/trainers in the developed pedagogical toolkit, and its refinement based on their feedback.
Brings over 10 years of experience in access to finance, business and financial management training, innovation and entrepreneurship coaching and consulting for young and aspiring entrepreneurs, including women and girls. They also have experience in introducing teachers and youth to innovative digital tools for education. Building on all
Brings over 10 years of experience in access to finance, business and financial management training, innovation and entrepreneurship coaching and consulting for young and aspiring entrepreneurs, including women and girls. They also have experience in introducing teachers and youth to innovative digital tools for education. Building on all these, AscendConsuting.EU will also contribute to the development and offering of GenZ targeted pedagogical and training materials.
Leveraging upon its extensive collaborations with colleges, universities and other educational organisations across Europe and beyond, AscendConsulting.EU will lead the piloting, communication and dissemination of our project results.
Various studies and reports show some contrasting data: on the one hand a strong interest of young people in the topic of money and finance management, and on the other hand little knowledge on the topic, especially among those coming from a disadvantaged socio-cultural background where their families are not able to support them in acquiring even simple financial skills.
Moreover, while there are tools for the financial education of young people at both national and European level, the perception of young people is that these tools are not accessible and clear, in short, that they are not designed for them.
Furthermore, the vast majority of today's financial education is very technical, using complex terminology, and missing to address core life skills. Like understanding the crucial role of emotions and emotional regulation in money decisions, and how one can be more intentional in its money earning, spending, saving, investing and giving behaviours.
This multifaceted perception, made up of strong interest but a lack of understanding of the complexity of the subject, highlights a sense of inadequacy when it comes to financial matters, which causes anxiety and stress in young people approaching the moment when they need to manage their own money and sometimes those of their employers. This competence gap becomes particularly dangerous when young people enter the working world, where almost all roles require at least a basic knowledge of the concept and functioning of a budget, the principles of financial management control and expense reporting.
Emotional Intelligence intervenes at this level, to bring young people closer to financial issues by enabling them to understand these negative emotions, to regulate and control them, so as to
overcome anxiety and feelings of inadequacy, and thus acquire the necessary skills to increase their employability and ability to build a sustainable household and personal life.
Emotional Intelligence is also seen as the driving force to enable Vocational Education and Training and continuous life-long learning teachers and trainers to get closer to the way young people feel and understand their anxiety on financial matters, helping them to find new ways of teaching topics that are fundamental but considered hostile by the young target group, developing their awareness, empathy, motivation in reaching the target group of young people from a background of fewer opportunities, as well as learning how to use up-to-date and user-friendly digital tools. Especially social media as the preferred channel of information and interaction of today's youth.
The Emotional Finance project therefore aims to take a number of innovative steps in fostering not only better management of personal money, but also the employability of young people with fewer opportunities. Without proper knowledge of the basic principles of financial management and emotional regulation, these young people risk having their prospects for employment, professional and personal development considerably reduced or delayed. And given their limited or weak engagement with more formal and traditional educational approaches, leveraging social media for education is crucial.
A pedagogical toolkit fostering the application of emotional intelligence concepts and engaging digital tools in the delivery of formal, non-formal and in-formal financial education, particularly to youth with fewer opportunities.
Social media based self-learning resources that build their understanding of the key emotions driving money decisions, as well as core financial skills for better employability and personal life.
Resources that demystify and simplify financial terminology.
Erasmus+ Project N. 2023-2-IT01-KA210-VET-000175174
