Be Strong on Finance
Start date: 01 Aug 2016,
End date: 31 Jan 2017
In project meeting will participate 30 young people from from Slovenia, Georgia, Armenia, Portugal and Lithuania: from every country will be 5 participants and 1 leader. Most of them will be very weak in financial literacy. The project will last for 6 months. According this document: http://gflec.org/wp-content/uploads/2015/11/Finlit_paper_16_F2_singles.pdf :Armenia 18%Georgia 30%Portugal 26%Slovenia 44%Lithuania 39%grown people are financially literate. In this document we can clearly see that in the richer countries people are more financial literate than in poorer. To became richer we need to learn in financial area. The main meeting aims are these:* explain to young people basic, most used specific terms (for example: shares and bonds)* talk about financial crisis (why it occurs and what consequences),* compare the main taxes in different countries (for example VAT(value-added tax))* explain how it is created product price (what are the components)* develop understanding how money evaporates from our pockets (what our expenditures should be and what expenditures we can not afford)* share the most common conditions of taking a loans and fast credits and how to know when it is worth to take it (main rules to check this!)* analyze bankruptcy cases in different countriesProject meeting will last 8 days. During this meeting we will have workshops, simulations, games, quiz, experience sharing and information sessions. We plan these results:* participants will be motivated to create more initiatives related to this topic* participants share their knowledge very active* use knowledges, which was given during projectWe are planing, that after this project will be reached:* will be more people encouraged to learn about financial area (participants will be active to learn more in this area)* financial literacy improves understanding between the employer and the employee (young people try to work more effective, not only claim bigger salary).
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