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

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English | Finnish

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.

TIMELINE

May
Search for innovative approaches begins

August
Search for innovative approaches ends on 31st August

November
Publication of the chosen innovations 

 

Discover innovations

Ribbon HUNDRED 2020
innovation
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 techni...
Community Building, Education, Entrepreneurship, Future Skills, Future Skills Education, Innovation, Social entrepreneurship, Social Impact, social innovation, Systems Thinking, Youth Empowerment
Ribbon FINANCIAL SKILLS
innovation
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 c...
Assessment, Capacity Building, Children Rights, Entrepreneurship, Financial Literacy, Life Skills, Life Skills Education, Scalability, Social Skills, Youth rights
Ribbon FINANCIAL SKILLS
innovation
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 f...
Ribbon HUNDRED 2020
innovation
The Educate! Model
Educate! prepares youth in Africa with the skills to succeed in today’s economy. We tackle youth unemployment by partnering with schools and governments to reform what...
21st Century Learning, Entrepreneurship, Gender Equity, Secondary Education, Skills Based Education, Skills Development, Student Centered Learning, Workforce Readiness, Youth Empowerment
Ribbon FINANCIAL SKILLS
innovation
Pikkuyrittäjät
The aim of Pikkuyrittäjät (Little Entrepreneurs) is to increase and strengthen the pupils participation and ability to take initiative with learning by doing; to encou...
Decision-making, Education, Entrepreneurial skills, Financial Literacy, Teamwork, Working life competence
Ribbon FINANCIAL SKILLS
innovation
'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 (statisti...
Empathy, Financial Skills, Global Citizenship, Global Collaboration, Health, Mathematics applied to real life, Sustainable Development
Ribbon FINANCIAL SKILLS
innovation
Taloustaitohanke
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 in...
Financial Literacy, Financial Skills
Ribbon FINANCIAL SKILLS
innovation
#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. Car...
Comic Art, Financial Literacy, Financial Skills
Ribbon FINANCIAL SKILLS
innovation
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 th...
21ST CENTURY SKILLS, Adolescent Girls, ARTS, COLLABORATIVE LEARNING, Design Thinking, EMPATHY, Livelihood, Mentoring,  Entrepreneurship,  GROWTH MINDSET,  PASSION BASED LEARNING,  PERFORMING,  SOCIAL MEDIA
Ribbon HUNDRED 2020
innovation
Me & MyCity
All school children should have access to basic skills in economy and working-life. Me & MyCity -learning module helps pupils to be more prepared for further studies a...
Circular Economy, Digital skills, Entrepreneurial Thinking, entrepreneurship education, Financial Literacy, Finnish Curriculum, Gamification, Primary education, Social skills, Working life competence

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