Spotlight 2019

Financial Skills for the Youth

Fluent financial skills are a crucial part of every person’s well-being. In the current global and technological world, the importance of financial skills is emphasized, as it is increasingly easier to use money in the form of various digital applications. These applications bring financial services closer to young people. Also, young people will face more and more complex financial issues in the future. It is therefore important to recognize educational innovations that help young people to learn the financial skills they need.
OP Financial Group

Innovative ways to learn financial skills

The financial skills of people is a growing concern in Finland. Over 90 % of the Finnish teachers and students think that teaching financial skills is important. At the same time only one out of five students feel that they receive adequate financial expertise during education.

The traditional ways of using money have declined as card and mobile payments are becoming more and more common. At the same time the number of different financial problems has increased. On the other hand young people use smoothly different digital applications as a part of their own financial management.

Together with OP Financial Group, HundrED looked for the best innovations of financial skills from Finland and other parts of the world. The goal was to identify how young people learn financial skills now and how they could be best taught in the future. The Spotlight report shows that broad-based cooperation between various actors is essential in learning of financial skills. The basics of financial skills are included in curricula, but the importance of role models for wise financial management remains crucial for young people. In addition, the learning of financial skills promotes the integration of immigrant youth into society. 

In the Spotlight report, we have compiled useful innovative models for improving the financial skills of the youth. The underlying theme throughout the Spotlight is that the best way to improve young people's financial skills is to discuss financial management and spending with them. Read more about the selected innovations from The Spotlight on Financial Skills for the Youth report.


Explore education innovations recognized by HundrED as well as innovations from shared by the education community across the world.
Girls Leadership and entrepreneurship network (GLEN)
Girls' Leadership and Entrepreneurship Network works through school clubs that gives girls in schools opportunities to contribute actively to global issues, develop their leadership skills, build conf
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Inspire X by Small Economy Works
Our culturally specific course curriculum & educator support platform takes a holistic ecosystem wide lens, putting students at the centre. Students learn vital technical skills through experiential p
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Aflatoun International
Aflatoun International creates high-quality curricula on social and financial education for different age groups. Our mission is to socially and economically empower children and young people so they
Ribbon HALL OF FAME 2022
Educate! tackles youth unemployment by partnering with youth, schools, and governments to support young people working towards their social and economic visions for their futures. Amidst COVID-19, we
Investment Course for High School Students (Lukiolaisten sijoittajakoulu)
This program uses the stock market to inspire students to think about their life from a long-term economic perspective. The desire to invest will create an incentive for students to plan their persona
The idea is to teach financial skills to young people. Instructors are trained, volunteering professionals from banks. Training takes place in groups but also as an individual coaching.
#TarkkaFyrkka Comic Workshop
#TarkkaFyrkka comic workshop is a lesson where students get to know basic information about credit information, payment defaults and personal financial management. Cartoon drawing is used to help part
The aim of Pikkuyrittäjät (Little Entrepreneurs) is to increase and strengthen the pupils participation and ability to take initiative with learning by doing; to encourage children to think about thei
'What if you only had $1.25 a day?'
This project connected Math with other subjects through research about real-world problems and Sustainable Development Goals. Students applied math knowledge (statistics and financial skills), but als
Ribbon HUNDRED 2020
All school children should have access to basic skills in economy and working-life. Yrityskylä -learning module helps pupils to be more prepared for further studies and working-life. It gives young pe

How does it work?

Who can apply?

We are looking for impactful and scalable ways to teach financial skills. Let us know about an innovation on financial skills of youth!

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Who can apply?

Innovations that promote financial skills are encouraged to submit their initiatives to the Spotlight. Submitted innovations then undergo a rigorous research process and evaluated HundrED’s three criteria on innovativeness, impact, and scalability. Additionally, they will also be required to have an educational element that promote an increased understanding of financial skills.


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How are projects selected?

The innovations on financial skills will be selected by using the following descriptive factors.

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How are projects selected?

To determine how well submissions fit the HundrED criteria, HundrED uses the following descriptive factors that have been shown in innovation literature and HundrED’s research to play a significant role in establishing innovativeness, impact, and scalability in educational innovations:

  • Clear, valuable goal that addresses a need
  • Structured implementation design
  • Purposeful collaboration
  • Pedagogically sound
  • Child/person centered
  • Contextual
  • Inclusive
  • Equitable
  • Improves outcomes
  • Evidence
  • Elevates educators Family/community/government engagement
  • Adaptable
  • Sustainable
  • Cost-effectiveness & affordability 

Based on these factors, alongside qualitative evidence from interviews with the HundrED research team, innovations are given an overall score based on their innovativeness, impact, and scalability. Innovations are scored twice, first based on their current state and then based on their potential.

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