How can financial and economic literacy empower citizens and contribute to social stability? The answer to that question was explored by educators and experts from all over Europe at the NECE Lab “Financial and Economic Literacy in Civic Education” which was held in Belgrade on September 18 and 19, 2024.
Key topics of the event:
- Connection of financial and economic literacy with civic education and social (in)equality.
- Examples of good practice, including the project „Škola novca za osnovca”
- Presentation of projects selected within the Civic Innovation Fund’s call for financial education.
- The role of the private sector in formal education and the challenges and possibilities of cooperation with schools.
- The future of financial and economic literacy in the digital age.
In addition to discussions and workshops, participants shared concrete advice on managing finances – from long-term planning and savings to critical thinking about financial information and impulse spending.
Quiz: Check your financial knowledge!
How much do you know on inflation, budget and investments? Check out your financial literacy in this short quiz.
- What is the term used to describe the overall increase in prices of goods and services over time?
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- Deflation
- Inflation
- Stagflation
- Recession
- How much money should there be in an emergency found?
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- 5.000 €
- The value of 2,5 kg gold bar
- Enough to cover the costs of living for 3 to 6 months
- d) What’s an emergency found?
- What is a budget?
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- A plan for how you spend and save money
- A list of your monthly expenses
- A summary of your income only
- A way to track only your spending
- What does the term “diversification” mean in investing?
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- Putting all your money into one investment
- Spreading your investments across different asset types to reduce risk
- Only investing in stocks
- Investing only in low-risk options
- Which of the following is considered a fixed expense?
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- Groceries
- Clothing
- Entertainment
- Monthly rent
- What is a credit score used for?
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- To determine how much you earn
- To track your monthly spending
- To evaluate your creditworthiness and ability to repay loans
- To calculate how much you owe in taxes
Find more about the event in the text on the following link: https://nece.eu/me-economics-financial-and-economic-literacy-in-civic-education/
The event was organized in cooperation with THE CIVICS Innovation Hub / NECE, Erste Financial Life Park (FLIP) and Erste Bank Serbia and with the support of ERSTE Foundation.
