"FinanciaLit4Women: Improving financial literacy for NEET women through gamebased learning" is Erasmus+ strategic partnership project (2020-2022) with partners from Estonia, Cyprus, France, Greece, Ireland and UK. Project is approved by Estonian National Agency Archimedes. Coordinator is Eesti People to People (Estonia).

Financial literacy is the education and understanding of knowing how money is made, spent, and saved, as well as the skills and ability to use financial resources to make decisions. These decisions include how to generate, invest, spend, and save money. In other words, it is the ability to understand and properly apply financial management skills. Effective financial planning, properly managing debt, accurately calculating interest, and understanding the time value of money are characteristics of being financially literate. Even though financial literacy is crucial to successful “adulting,” it is not normally included in the school curricula.

On the other hand, people who have undertaken financial literacy courses seem to have the ability to make wise financial decisions. Plus, they are much more likely to successfully save money, budget wisely and invest smarter. Your level of financial literacy affects your quality of life significantly. It affects your ability to provide for yourself and family, your attitude to money and investment, as well as your contribution to your community.

Financial literacy enables people to understand what is needed to achieve a lifestyle that is financially balanced, sustainable, ethical and responsible. It also helps entrepreneurs leverage other people’s money for a business to generate sales and profits.

Additionally, research shows that when it comes to financial literacy there is a gender gap. In 2018, the highest gender pay gap in the EU was recorded in Estonia (22.7 %).The 2019 Women, Money, and Power Study, commissioned by Allianz Life Insurance Company, found that, while the past several years have put a spotlight on female empowerment, women are struggling to make progress with financial literacy. Further evidence suggests that women tend to have lower levels of financial knowledge. Women are also shown to be relatively less financially skilled than men along several dimensions. Such gaps represent fundamental problems for social equity, with several important follow-on implications. Establishing and protecting economic empowerment on an equal basis for men and women has been recognised both as a basic human right and as an issue for policymakers. Indeed, women’s empowerment is seen as a “prerequisite for sustainable development, pro-poor growth and the achievement of all Sustainable Development Goals.

There is also a considerable gender gap in relation to the proportion of people who fall into the NEET (Not in Education, Employment, or Training) group. In 2017, about 21.5 % of women (aged 20–34) in the EU were NEETs, while the corresponding share among men was about half, at 13.0 %. Therefore for women to achieve true empowerment, it is imperative to close the financial literacy gap.

Therefore, having as a target group NEET women, project partners propose a project with the following objectives:

•To design, test and publish an innovative training package for adult education trainers, which will guide and support them in training NEET women in Financial Literacy.
•To deliver training courses to directly train adult educators in Financial Literacy, also, to deliver these courses to a target group of NEET women, in order to amplify and perpetuate the ripple effect of those courses.

Intellectual Outputs:

IO1 - Combined Financial Literacy curriculum with handbook.
IO2 - Financial Literacy Digital Game.
IO3 - Role-play games Handbook to teach Financial Literacy.
IO4 - Board game to teach money management.

In addition to these outputs, two Learning Teaching Trainings will take place in France and Ireland. Each partner will pilot test the newly developed resources by re-activating NEET women. This pilot- testing will be done at a local level and will engage 15 NEET women in each partner country.

All partners will host one multiplier event throughout the project duration.

Facebook page:

Project website

IO1 in English (Curriculum with handbook)
IO1 in Estonian (Curriculum with handbook)

IO2 Play our digital game on:

IO3 in English (Role-play games)
IO3 in Estonian (Role-play games)

IO4 in English (Board game)
IO4 in Estonian (Board game)

This project has been funded with support from the European Commission. This publication reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

Contacts:    &nbnbsp;                Kärberi 33-76, 13919 Tallinn, Estonia                    tel:  +372 6 355 697                    e-mail:                   
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