Before the Economic Crisis of 2008 families across the EU managing personal finances in a very relaxed way.
With the arrival of the Global Economic Crisis of 2008 and the European Crises of 2010 the era of easy credit and high incomes came to an end and households had to readjust their expectations downwards, producing stress and conflict within the family.
The aim of the project is to support family financial education for all members of the household, from the young kids to the parents and grandparents in order to foster a more realistic understanding of the family economics.
There are 6 outputs planned as follows:
- 12 Comic Books for younger children
- 12 Online Educational Escape Room for siblings between the ages of 13 and 18
- 12 WebQuests for siblings between the ages of 19 and 25
- A Workshop Training Program for parents and guardians to ensure that they build their own financial understanding and can facilitate and manage the proposed family learning model at home.
- A Training Program for Professionals on the field Finance Consultants, and other Vocational Education Trainers in relevant fields.
- A fully mobile online learning platform that will allow full accessibility of these resources.
Effective family learning requires that different sub-sets of the family are considered in the design of any proposed learning materials. For this PIGGY BANK project, it is the intention of partners to create financial literacy resources for 4 different sub-sets namely:
- Children between the ages of 6 and 12 – these resources will comprise a monthly themed comic strip that introduces the concepts of financial literacy. The comic strips will be cartoon like and the narrative for the comic strips will be carefully written to build a basic understanding of how to manage money, how to budget effectively, how to recognize financial pitfalls, etc. The full collection of comic strips will comprise 12 monthly editions each one dealing with a different financial literacy theme;
- Teenagers between the ages of 13 and 18 – these resources will comprise a series of 12 Online Educational Escape Room challenge-based learning resources that will present escape room scenarios themed around effective financial management;
- Young Adults between the ages of 19 to 25 – these resources will comprise a series of 12 WebQuest challenge based educational resources that encourage learners to develop financial management plans in different positive and negative financial situations;
- Parents and Guardians – these resources will comprise an induction training program that introduces the main issues related to financial literacy through a series of workshop based, group learning exercises. The induction training will also support parents and guardians to manage the family learning model developed.
- Vocational Education Trainers and other trainers – these resources will comprise of a handbook that will support their continuous professional development so they can take full advantage of the resources of the project and develop their own challenge based resources.