ProFiLE Financial Literacy

A good number of social mobility statistics are linked with lack of basic literacy and numeracy skills, inability to find suitable employment, productivity and efficiency in organisational and personal decision making.
Educators, parents, guardians and students will benefit from easily usable teaching and learning tools, which provide the competences that will be critical in preparing young people for effective participation in society. For example, children need to learn how technological tools and spaces provide creative opportunities for business activities, interact socially, where and how to wisely earn, spend, and save money etc. A good grasp of the nature of economic transactions and the need to make decisions with economic significance in modern and future societies provide the background for applying critical skills like numeracy, computer literacy and critical thinking.
The “ProFiLE” seeks to provide the teaching resources needed by facilitators of financial literacy in the EU. Teachers, parents, guardians, children society leaders and workers need user-friendly yet authentic teaching guides and activities to help young children between the ages of 7 and 11 to understand the notions of money that are deemed age-appropriate.

The learning framework and tools developed will motivate facilitators of learning and pupils who will participate in piloting and multiplier events and so, in turn, motivate others to adopt the teaching and learning activities. By the end of the project we expect that learning institutions (schools, families and young people groups/societies) will have a blueprint framework and learning aid that will ease the problem of institutionalising financial literacy as an element of the basic competences required for effective participation in society.