FinEdu: It is not important how much money you make

Bee COINs: Financial Education Debunked was a 10-day youth exchange that took place in The Netherlands from 24 April till 5 May 2017. It gathered 42 participants from 7 different countries and empowered them to learn from each other about financial education. The project is funded by the Erasmus+ programme of the EU.

Why financial education?

It is not important how much money you make. It is more important what you do with it.

We believe this mindset can empower anyone anywhere to gain control over their life by taking responsibility of their resources and managing them in a way that will help achieve their goals and dreams.

Money appears to be a sensitive topic across many cultures and it is rarely discussed at home or at school. Youngsters usually get pocket money until they finish high school (sometimes a bit longer), and at some point, usually without much preparation, they are expected to become responsible mature human beings who know how to manage their finances. Handling your money can be stressful and you don’t want to make too many mistakes while learning how to do it. This is why we created the Erasmus+ project Bee COINs: Financial Education Debunked – to create a safe space for youngsters to learn from each other about money.

After the youth exchange was over and in order to promote the topic among other relevant stakeholders, we created a booklet with 12 handpicked sessions aimed at increasing youth’s financial literacy. Here you can download the Bee COINs booklet.

What is in the booklet?

The booklet gathers some of the activities and methods which we used during the youth exchange Bee COINs: Financial Education Debunked. They are described in precise steps and flow so that the exercise can be directly applied in your context. We have also included suggestions for debriefing.

For each activity we have included a brief paragraph on how it connects to the topic of FinEdu. We did this because financial literacy touches upon many other areas, so we believe it is important to put the activities in context. We have formulated the learning outcomes for each activity to make it clear what it can be used for. The booklet provides details on what you need for the workshop as well as the preferred size of the group. We offer a set of workshops from our project with a reflection note on their relevance: what works, what doesn’t and what to watch out for. We encourage you to use these tips to improve the session outcomes and boost the experience of your group.

Who is it for?  

We created this booklet to enable non-formal education (NFE) practitioners to work with the topic FinEdu and money management. As a youth worker you can find tools on how to organise a workshop and how to deliver it. The booklet contains activities with precise instructions and tips on what to watch out for and as such it could be used both by less and more experienced trainers. The booklet is also great for youth workers who are unfamiliar with FinEdu because it outlines the most common themes which can be addressed. As such, it makes a good intro for youth organisations who are wondering how to start.

The booklet can support teachers in formal education to address this very important topic in their classrooms by organising a discussion about cost of life or researching the best investment action in different countries.

Here you can download here the Bee COINs booklet.


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