Budget Time is an Erasmus+ project created by Tavo Europa with partners in Bulgaria and Romania to fight youth financial illiteracy by training youth workers to deliver fun, non-formal financial education for young people aged 18–25, including disadvantaged groups. The project produced interactive workshops, a practical financial education manual, and an innovative app to support young people in managing money, planning, saving, and staying financially safe.
This project aims to develop the competencies of youth workers from Romania, Bulgaria, and Lithuania in creating, adapting, and applying non-formal education methods on financial management for young people.
The project will implement a financially accurate non-formal education program for a large group of young participants, helping them better understand and manage their personal finances. Additionally, it will establish a strong network of skilled youth workers who can support both young people and fellow educators in financial literacy.
Who is the project for?
The primary target group includes young people, teenagers transitioning into financial independence. The project also focuses on disadvantaged youth who may lack the confidence and motivation to change their financial habits.
Main Objectives
– Build a strong network of youth workers capable of supporting young people and fellow educators in applying non-formal education methods for financial literacy.
– Develop a financially accurate non-formal education program, combining academic expertise and practical financial knowledge, to help young people improve their financial management skills.
– Create an interactive online app designed to enhance financial literacy by allowing young people to practice making financial decisions and learn from the outcomes.
Budget time non-formal education of financial education guide
The partners developed the Budget Time Manual as a hands-on guide for youth workers and young people, using non-formal education methods tested through youth worker experience and feedback from young participants. It includes interactive learning methods, ready-to-use worksheets and exercises, a beginner-friendly glossary, and structured chapters covering core topics like budgeting, saving, entrepreneurship, and consumer rights.
BUDGET TIME: A NON-FORMAL APPROACH TO FINANCIAL EDUCATION MANUAL
FINANSŲ PLANAVIMAS: NEFORMALUS POŽIŪRIS Į FINANSINĮ ŠVIETIMĄ
The app brings together key features to make financial education practical and engaging: 1) interactive learning modules based on the project’s manual; 2) budgeting and goal-setting tools that help young people plan, track, and reflect on their spending and saving; 3) educational videos created by project partners to support healthy habits of financial management; 4) youth-focused tips and practical activities designed to support everyday financial decisions and responsible money habits.
