Too late for Financial Education? FEVA meeting in Budapest 6-7 April
Is it too late now that the financial system almost collapsed and the world is subsumed in an unprecedented economic crisis to care about Financial Education?
The answer is no. Not only it is not too late, but the current situation provides a great opportunity to use this financial inclusion tool as: more people may now be open to learn; financial education can be linked to immediate actions such as individual credit restructuring; and long term actions in this area equip individuals to avoid financial shocks to come (i.e. promotion of savings, personal budgeting…). Here responsibility and support in needed not only from the social sector, already active in the field, but also from financial institutions, and the media as it concluded the 5th FEVA meeting that took place in Budapest this week.
Equilibra was invited to present the work that has been developed for one of the major Spanish savings bank: a handbook and trainings on financial education. The mentioned tools were developed taking into account effective learning methodologies in order to have the greatest impact in its delivery.
Outstanding developments arised too, from organisations such as Fair Finance, Finance et Pedagogie, MFC, WWB, Trans-formando and others.
As developments in materials and methodologies in this area are taking place in the EU arena, there is a growing need to share them in order to avoid reinventing the wheel. In order to foster that, it was agreed to set up tools (Community of Practice, Facebook community…) to ensure that the exchange continues after the project, and new projects are shaped.
