The Project

The ImpactFinance project is aimed at increasing awareness and application of the synergy between sustainability and financial literacy of youth, in order to solve societal wellness challenges. This project will not only involve learning and understanding of sustainable personal finance, but also practicing and sharing what is taught.

Objectives

Address the conceptual gap of Sustainable Financial Literacy.

Developing a framework for common-understanding what sustainable personal finance decision-making is.

Measuring the level of sustainable financial literacy as well as sustainability gap in young people’s financial decisions and help them fill this gap with proper educational strategies.

Exchange good practices between youth, teachers & experts.

  • Address the conceptual gap of Sustainable Financial Literacy.
  • Developing a framework for common-understanding what sustainable personal finance decision-making is.
  • Measuring the level of sustainable financial literacy as well as sustainability gap in young people's financial decisions and help them fill this gap with proper educational strategies.
  • Exchange good practices between youth, teachers & experts.

Project Results

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Financial Framework

We can highlight three main results.

1) A conceptual basis on what sustainable personal finance is and what it encompasses. To this end, the literature was reviewed and experts were asked for their opinions by organizing a focus group in each of the partner countries.
2) A questionnaire designed to understand the extent to which young people think about sustainability when making personal financial decisions or purchasing decisions.
3) A handbook that will include the main findings of the project and a unified perception of sustainable personal finance and its constituent parts among partners and other project stakeholders.
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E-learning platform

Developing an e-learning platform that will host all project materials and facilitate a network of agents promoting sustainable financial literacy. The platform will provide a space where educators can share teaching materials, students can access learning resources, and researchers can find comprehensive data and results. This platform aims to enhance awareness and understanding of sustainable personal finance, increase engagement and networking opportunities, and encourage users to adopt more sustainable financial practices. Through this platform, we aim to significantly impact financial education, reaching a global audience and promoting sustainable finance practices that contribute to social and environmental goals.
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Co-Creation of educational materials

A set of educational material units and their user’s manual devoted to achieving specific learning outcomes in sustainable financial literacy education. The educational materials will be targeted towards one of the areas of sustainable personal finance, such as sustainable consumption, sustainable investing, donating, shared expenditures or community project financing, depending on the research results of Lithuanian youth. The educational materials will be co-created by students in cooperation with experts who will act in this activity as mentors for the student groups. The creation and the finalization process of educational material will be guided by the experts from the fields of Finance, Sustainability and Education and this will ensure the quality of educational material units. Educational material types will include mobile applications, interactive maps, self-testing tools, games, experiment settings, etc.

Partners

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Universidade Da Coruna

The Universidade da Coruña (UDC) is a public institution of higher education located in the Autonomous Community of Galicia (Spain). UDC pursues the primary objective of generating, managing and disseminating culture and scientific, technological and professional knowledge through the development of research and teaching. UDC conceives its essential purpose as a quality public service aimed at achieving greater levels of welfare for society through the pursuit of social, scientific and technological advances within a framework of generally accepted ethical values. Part of the mission of the UDC is the formation of an open, educated, critical, committed, democratic and supportive citizenship, capable of analyzing reality, diagnosing problems, formulating and applying solutions based on knowledge and oriented to the common good.

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InfinityGreece

InfinityGreece is a social enterprise based in Thessaloniki, focusing on media, digital skills, and social entrepreneurship. Targeting young people aged 16 to 30, it helps develop essential skills through volunteering, education, and mobility programs. The volunteer program has won awards, emphasizing its dedication to youth empowerment and social impact. Providing marketing services to partners and CSOs, InfinityGreece reinvests profits into educational programs. The vision is to foster creativity and productivity, offering opportunities to enhance skills for the labor market in a supportive environment. The organization operates through four pillars: Media, Digital Skills, Youth, and Social Entrepreneurship, promoting digital literacy, community involvement, and socio-economic development.

 

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Vytautas Magnus University

VMU is a comprehensive university devoted to excellence in teaching, learning, research, arts and innovation, and fostering critical thinking, imaginative response as well as the desire and capacity for lifelong learning of our students who will have an impact on the world, locally and globally. VMU has a reputation as a university with a globally oriented, free-spirited, liberal mindset. What distinguishes Vytautas Magnus University (VMU) from others in the region is our artes-liberales study model as well as high level of internationalization. The history of Vytautas Magnus University is traced back to 1922.

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Centre for Competence Development Cyprus

CENTRE FOR COMPETENCE DEVELOPMENT CYPRUS (COMCY) is a non-for profit Training, Research and Development Organization, active in the field of project management, training, and education. COMCY focuses on the training and development of various target groups and sectors of the society, including youth groups and vulnerable individuals, seniors, and adults, through the participation in EU programs and initiatives, and the implementation of training and educational seminars in Cyprus and abroad. Overall, the organization aims to support and empower vulnerable social groups, by offering various opportunities for personal and professional development. In addition, COMCY is a member of the European Association for the Education of Adults (EAEA), the New European Bauhaus, the European Network of Innovation for Inclusion, the Social Firms Europe (CEFEC) and the NGO Support Centre

Contact

  • info@impact-finance.eu
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Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Education and Culture Executive Agency (EACEA). Neither the European Union nor EACEA can be held responsible for them.

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Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Education and Culture Executive Agency (EACEA). Neither the European Union nor EACEA can be held responsible for them.

Contact

  • info@impact-finance.eu
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