Together with Nintendo, it has set up a training programme in
several schools in the Madrid region that aims to teach basic
economic and financial concepts to primary school children
through a video game. This project enables schoolchildren
between the ages of seven and nine to acquire their first skills in
resource management and to learn basic banking concepts.
The ‘What is money for?’ children’s drawing competition is held
every year. All participants have fun drawing and also show
solidarity, as for each drawing received, Banco Sabadell donates
one euro to UNICEF for one of its projects. In addition, didactic
material is provided, such as a guide prepared in collaboration
with pedagogues and educators, which aims to be a support for
teaching children the value of money and the importance of
saving.
As part of the Corporate Voluntary Work Programme, Banco
Popular gives financial education classes to young people with
intellectual disabilities and those at risk of exclusion, in
collaboration with various specialised third sector entities. The
aim of this program is to teach the language of finance and
other basic knowledge, and to encourage the banking
penetration of these groups.
Banco Santander and the UCEIF Foundation have promoted the
financial education portal ‘Finances for mortals’, which aims to
bring the world of economics and finance closer to the general
public. The aim of the initiative is, through different activities and
resources, to make economic and financial concepts more
understandable, and to help in the adoption of responsible and
informed financial decisions.
In the context of the European Financial Education Week, the Spanish banking sector, represented by the Spanish Banking Association, in collaboration with the Junior Achievement Foundation, is developing the initiative ‘Your finances, your future’ to promote the financial competence of Spanish young people aged 13 to 15. For three consecutive weeks, volunteers give a series of workshops in more than 100 schools throughout Spain.
The CNMV and the Banco de España have presented a Financial Education Plan with the aim of contributing to improving the financial education of citizens, providing them with the tools, knowledge and skills to make appropriate and informed financial decisions. On 2 October 2017, the CNMV and the Bank of Spain renewed the Financial Education Plan that both bodies launched in 2018, thus extending its activities until 2025.
The main objective this year is to improve financial education.
Together with the Spanish Banking Association and various
financial institutions, several events will be held during this week.
In addition, as part of the “Your Finances, Your Future”
programme, several volunteers are offering to teach basic
notions of economics and finance in schools so that today’s
children can become financially responsible citizens.
Money town is a free online platform with which Barclays aims to
improve young people’s financial literacy and contribute to
increasing their real-life skills. The tool is specially designed for
teachers. The concepts explained in Money Town are income
and expenditure, saving, budgeting, means of payment, etc.
“Economics for all’ is a programme through which students
between the ages of 8 and 16 are shown general aspects of the
economy, basic economic and financial processes and their
repercussions on daily life. A group of retired and pre-retired
volunteers from the bank give these workshops in which they
help students to understand a sector, that of economics and
finance, which, due to its complexity, is often distant to the
majority of the population.
Valores de futuro (Future values) is a BBVA programme aimed at
primary school pupils and students from 1st to 3rd year of ESO.
The aim of this financial education initiative is to promote skills
and values associated with the use of money, such as effort,
solidarity and saving, among others, through participatory
workshops that encourage reflection and dialogue on finances
and money.
The Junior Achievement Foundation and CITI have been
promoting financial education and entrepreneurship among
young people since 2001. Citi volunteers, previously trained by
Junior Achievement, go into the school environment to show
teenagers the importance of training for their professional future
and to develop new skills that will allow them to achieve their
goals in a global economy.
The Financial Education for Citizens’ project is an initiative to
promote financial education and culture among Spanish
citizens. The initiative consists of the organisation of three
personal finance workshops to professional schools and
associations, delivered by volunteer financial advisors and
planners.
WHO ARE THE INITIATORS?
EFPA SPAIN (EUROPEAN ASSOCIATION OF FINANCIAL ADVISORS)
In collaboration with the Carmen Pardo-Valcarce Foundation,
ING has created ‘The best piggy bank in the world’, an initiative
through which it promotes responsible money management
among children. The aim of this educational game is for children
to learn the importance of saving, spending and knowing how to
share with others. To do so, they have three piggy banks (one for
each of the three basic concepts mentioned above), a story and
a savings notebook in which they can record their movements.
Prepare a session of ‘Fun Finances’ at the entrance to the
Fundación Cajasol headquarters. Through trivia video games
and ‘pasapalabras’ the public is invited to test their knowledge of
finance, with monitors collaborating in the answers.
It joins the celebration of the first Financial Education Day, a day
promoted nationally by the Financial Education Plan promoted
by the CNMV, the Bank of Spain, the Treasury and the Directorate
General for Insurance and Pensions.
The vast majority of the sector participates in the ‘Financial
Education Plan’ initiative through the CNMV and the Bank of
Spain’s Collaboration Agreement, signed in July 2010.
It collaborates with Fundación Créate in the educational
programme ‘Creamos nuestro proyecto’ (Let’s create our
project). The programme is aimed at children and young people
in 5th and 6th grade of primary school (10 to 12 years old) and
lower secondary school (12 to 14 years old). The aim of the
project is for students to develop a product or service to offer to
their community, to their environment.
For the youngest, CaixaBank has created ‘Learn to save’, an
interactive game to help parents teach their children to save.
This mobile application is available free of charge in the
CaixaBank app shop.