Mind Your Budget

Check out the video of the project to find out more!

Mind Your Budget project started from the initiative of young people after identifying their needs with regards to their financial competencies. They noticed that when it comes to manage their budgets they have little knowledge on how to spend it wisely and do not have the tools to organise their financial resources. Moreover, these competences are even more required at the time they are about to get independent, moving from home for studies and having to organise their limited budget.

Young people have limited financial competencies due to the fact that the subject is not thought in schools and this represent a common problem for many European countries. According to a study concerning financial literacy across the EU, RO occupies the last place among member states with a 22% level of literacy (http://www.business-review.eu). In HU, results of studies suggest that the number of people with severe financial problems has declined since the 2008 crisis, but the level of financial awareness (planning, budgeting) is still deteriorated. To regards to SK, have been made initiatives to include financial literacy in the national curricula in the primary and secondary education, but only as part of different subjects and not as unique discipline. In CZ it is a similar situation, financial literacy having an interdisciplinary nature. Therefore, the need of young people to acquire financial literacy was pronounced and required a transnational initiative.

The goal of the project was to increase the level of financial literacy of 56 young people from Romania, Hungary, Slovakia and Czech Republic in order to improve their capacities to manage their budgets once they get to their independent lives and empower them to actively get involved in the creation of the youth exchange that took place in Mehadia, Romania between 05-16.10.2018.

Objectives  reached by the end of the project:

  • 56 young people from RO, HU, SK and CZ increased their level of financial knowledge, skills, attitudes/behaviours in a safe intercultural learning context.
  • Raised awareness of the Erasmus+ programme and of the importance of financial literacy acquired at an early age in the local communities from where the 56 young participants were coming.
  • All four partner organisations increased their capacities in offering support to empower young people to develop their individual learning plans on financial literacy.

 

What is Erasmus Plus?  

The ERASMUS Plus Programme is an European programme aiming to offer between 2014-2020 to more than 4 million Europeans the opportunity to study, form, gain professional experience and participate in volunteer programs in other countries. It funds transnational partnerships between various education, training and youth organizations and institutions, in order to cooperate and build bridges between the education system and the workforce to help bridge the skills gap needed today.

The name of the project refers to Dutch Renaissance humanist and theologian Desiderius Erasmus of Rotterdam. He studied at diverse European universities and described the education as a chance for modern people.

 

Give light, and the darkness will disappear of itself.”

(Desiderius Erasmus)

 

Who will benefit?changing-lives

Apart from the students, the mobility offered by the Erasmus+ programme is dedicated for professors and universities’ staff as well. ERASMUS+ will allow:

>2 million higher education students;
>EU grants and training for about 4 million people and 125,000 institutions;
>500,000 young people will volunteer or participate in youth exchanges;
>650,000 vocational apprenticeships or traineeships abroad;
>200,000 Master’s degree loan scheme;
>25,000 joint master degree grants;
>800,000 educators and youth workers will acquire new teaching and learning methods abroad.

How to apply?

Organisations are invited to submit applications on-line to the National Agency in the relevant country or to the Education, Audiovisual and Culture Executive Agency (EACEA). Individuals seeking to apply should contact their organisation, institution, or educational establishment.

What should I do?

If you are interested in participating in Erasmus Plus, contact the National Agency in your country or visit its website and ask about the possibilities suitable for you.

Check this video to find out the opinions and insights of people involved in Erasmus+ projects, you might want, too.

ROMANIA – Young Europe Society is a non-governmental non-profit organization that aims to contribute to the development of the youths by inspiring them a sense of active citizenship. Y.E.S. promotes mobility within and beyond Europe, non-formal learning and intercultural dialogue, and encourages the employability and inclusion of all young people, regardless of their educational, social and cultural background. Y.E.S. mission is to promote and bring added value to participative education and active citizenship, while developing solid partnerships with institutions, organizations and individuals that are active in the same field. Y.E.S.’s goal is to facilitate exchange of experiences between young people in order to raise the level of information, and tolerance, as well as to increase youngsters’ awareness with regards to different cultures and attitudes, promoting unity in diversity.

 

SLOVAKIA – Obcianske zdruzenie Innovus is non-government non-profit organisation, with its residence in  Lučenec, as the centre of historical region Novohrad, Slovakia. Due to the isolated and underdeveloped nature of the region its’ goal is to build up cooperation with local and foreign special youth organisations and communities, organising study sightseeing routes, developing activities at regional and national level, organising trainings, workshops, seminars and discussions, organising interest activities for children and youth.  Through the work and efforts done by its members, the organisation is connecting young people from across Europe and from various social, economic and ethnic background or from different disadvantaged groups through the use of various methods and tools, such as workshops, seminars, conferences, outdoor and sport activities. By promoting personal, professional and non-formal growth of young people as well as by organising and implementing various international exchanges Innovus seeks to support equality with identical opportunities as one of its most important values.

 

Youth for Youth has been founded in December 2015, working in the field of modern techniques of social communication in society using various methods of education (formal and non-formal). The organization was established to ensure the better education through every possible channel, higher awareness of local community, better communication, exchange of students, exchange of youth, education of citizens on environmental protection, promotion of European values and others. One of its biggest challenges is to promote youth work and include young people in international projects to enrich their life perspective, opportunities and integrate them as much as possible.

 

Legaramlat is a non-profit non-governmental organization founded in Budapest, Hungary by active university students to promote active lifestyle, create opportunities for their peers to try sports like sailing and paragliding in which organization members are highly experienced. The main goal is to provide young people with equal opportunities to participate in the events, projects organized by our organization and our partners to try out new sports they usually would not have an opportunity to do, to grow personally and professionally in safe non-formal learning contexts. The organisation seeks to show to young people that their world does not over with the walls of their communities, there are many different opportunities to get actively involved in Erasmus+ programme, to grow, learn, travel, get exposed to different cultures, try new things that they are usually deprived from. One of the main target groups are people facing fewer opportunities in order to create equal chances for everyone to participate in the events, projects organized by the organization and its partners. Its members aim to promote healthy active lifestyle, give a chance to youth to try out new sports through implementing various projects, support them with individual learning process, promote equality and social inclusion, active citizenship and tolerance towards cultural diversities.

Our project through dissemination activities has helped to promote financial literacy among young people and the opportunities offered by the Erasmus + program. The participants carried out dissemination activities aimed at raising the awareness of the importance of financial literacy and about E + opportunities for young people in local communities.

Romanian participants disseminated the results of the project in their high school, where they organized a workshop. They presented the Erasmus + program and shared the experiences gained during the youth exchange to other young people attending the workshop. In the presentation, they showed the promotional video and organized activities with their colleagues. As a result of this dissemination, participants have made new contacts with youths in order to initiate a youth exchange that meets their needs. They also created a poster that they exhibited in the school lobby, so most of the pupils in Fundulea high school learned about the project and became interested in participating in future ones.

Young Europe Society has disseminated the results of the project to other youth workers, volunteers and experts working in the field of youth in a training course in France. A member of the association has shared the results of the project, the prospects and the new experience gained through its implementation, as well as the increased awareness reached of the topic of financial literacy among young people.

In Slovakia, during another project, the participants used the storytelling method to disseminate the experience gained during the “Mind Your Budget” project.

In Hungary, young participants organized an information event in the school. They illustrated the project’s results, the Youthpass certificates they had acquired and presented their favorite activities within the program. At the event, they wore the t-shirts with the project logo.

The young participants from the Czech Republic made an interactive PPT presentation through which they shared their experience with their colleagues. They also showed the video of the project and provided short testimonials about the project experience.