Financial Literacy

FINANCIAL LITERACY

Brief description of the Training Program

Improving citizens' economic and financial knowledge is a critical factor for modern societies and has become a key policy priority for many countries. Central banks and other supervisory authorities play a central role in promoting this effort, because continuous developments in all areas of society, uncertain risks and the growing complexity of the financial system make financial literacy a fundamental skill for 21st-century citizens. For this reason, it is necessary to implement strategies and initiatives that promote financial education among citizens. Introducing financial education courses into primary and secondary school curricula, as well as running training programmes and seminars, will help citizens understand basic financial concepts, enabling them to make sound financial decisions in the future. The aim of this training material is for learners to become familiar with financial concepts and practices, so that they become financially literate and, by applying them, secure their own well-being and that of their household.

Program Purpose

After training in Financial Literacy, learners will have the financial knowledge, skills and behaviours needed to make the best financial decisions, within a holistic approach to analysing the financial environment and their personal financial data, with the aim of securing lasting financial well-being and being able to manage financial crises and unexpected events effectively.

Learning results

Learners will understand financial concepts, use financial knowledge, combine knowledge, attitudes and behaviours that lead to sound financial decisions, understand the financial environment and be able to adapt to financial conditions, so as to manage their assets as well as possible, secure their long-term financial well-being, avoid financial scams, apply the principles of financial planning and draw up a financial plan. They will also have gained the knowledge needed to choose suitable investment products and to avoid over-borrowing and bankruptcy. Finally, learners will safeguard the sustainability of their household, reduce financial stress, reduce the risk of poverty and of financial and social exclusion, and secure the financial independence of themselves and the other members of their household.

Duration of the program

• Lifetime training hours: 70 hours
• Modern e-learning hours: 70 hours
• Hours of Asynchronous teletraining: 60 hours
• Total hours: 200 hours
• Detailed Description

Guidance on choosing a training subject