Financial and Economic Literacy

Content

Develop financial and economic know-how. 
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This activity tackles the matter of financial education and literacy by raising your awareness on the importance of being financially literate. Why Is Financial Literacy Important? Financially literate people not only manage money with more confidence, but also have a better chance of handling the inevitable ups and downs of their financial lives by understanding how to prevent and manage issues as they arise.
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Through these activities, you can recognize and improve the following skills:
-	Understand basic terminology and symbols related to money;
-	judge what to use your money for;
-	Outline the purpose of taxation. 
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Following the learning activities which target the above skills will lead to your gaining of the Financial and Economic Literacy badge. 4 learning badges can be earned in this activity.
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Financial self-awareness Get this badge

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Through these activities, you can recognize and improve the following skill: judge what to use your money for.
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Following the learning activities which target the above skill will lead to your gaining of Financial self-awareness badge.
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How the holder of this badge worked on these skills can be seen in the evidence in the badge tasks. Adult educators have assessed the completed tasks.
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This badge is part of the EntreComp Framework , the European Entrepreneurial Competence framework to improve the entrepreneurial capacity of European citizens and organisations.
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The holder of this badge has worked in collaboration with a supporter.  
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Tasks

Task no.1

Evidence verified by: one activity organiser

Read the following statements and mark each of them with Agree or Disagree. 
I believe that is important to have a monthly budget.
I believe that is important to go out with my friends every day. 
I earn a lot of money. 
I have enough time to study. 
I have enough money to do my savings. 
I have enough time to rest and relax. 
It is easy for me to resist to impulsive shopping. 
It is easy to refuse a night out. 
It is relevant to buy thing that makes me happy. 
It is important to have a goal for my savings. 
Money makes me happy. 
I’m honest with my expenses (I spend on what I need).
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To which question do you identify the most? Justify for choices and share your opinions about your choices. 
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Skills

EntreComp

#Understand economic and financial concepts

Career and job readiness

Added to playlist (1)

Time to complete: 3 hours

Organisers

Network of Cities and Regions of Learning

Used in playlists

The Entrepreneurial Resource Box

Network of Cities and Regions of Learning

Badgecraft hosts this platform and develops it together with leading educational organisations. The European Union's programme Erasmus+ granted co-funding for building the first version of this platform. Contact support@badgecraft.eu.