The proper management of the family budget on a monthly basis is the permanent “pain-head” that each of us is asked to deal with. Which means that the revenue needs to be properly planned in order to cover costs, namely those incurred for our living (e.g. supermarkets-food), but also because of our fixed costs (e.g. water, electricity, taxes). I wonder if we have the skills to make the right decisions at economic level? If, too, an emergency arises, have we developed the saving culture? Financial literacy is not only about knowledge and understanding of economic concepts, but also about the ability of citizens to make sound and effective financial decisions in their everyday lives. It is therefore clear that financial literacy is primarily the harmonisation of economic knowledge with behaviours and attitudes aimed at achieving individual financial well-being. In this context, the training of young people is considered an essential condition in order to become more flexible and to be able to adapt to the challenges and crises involved. And by extension to acquire a critical skill that will be a valuable supply throughout their life course, so that they learn to speak – according to the commonly called – the language of “morrow”, in an ever-changing economic environment. To this end, the independent loan and real estate management company doValue in collaboration with the Department of Finance and Business Administration of the University of Piraeus, under the scientific supervision of the Professor of Finance of the University of Piraeus Nicholas D. Philippa presents the Centre for Financial Responsibility (doValue doResponsible Financial Center). The centre is aimed at young people, 18-25 years old, mainly students, with a view to strengthening their economic skills, as well as their training, in order to gain the necessary knowledge to help them in the long term achieve their economic goals in a sustainable way. The integration of sustainability within the framework of the Centre for Financial Responsibility for young people requires an approach combining social responsibility and economic resilience, offering the possibility of training on key issues in the financial field. The combination of consciousness, knowledge, skills, attitudes and behaviour is essential for making sound financial decisions, with the ultimate aim of achieving lasting financial well-being. At the same time, the Centre for Financial Responsibility focuses on two pillars: Education and Information. In the context of Education, two months (16-20 hours) E-Learning seminars on “Financial Alphabetism and Financial Responsibility” will be held during the year. Upon completion, participants will receive a certificate of Successful Monitoring from the University of Piraeus Financial Laboratory and the DoValue Financial Responsibility Centre. As part of education, the organization of individual thematic lectures is also being studied. With regard to the Information provided by the Financial Responsibility Centre, original digital material is created which will target the age groups in which it focuses. (a) Financial literacy (b) Financial responsibility (c) Financial health and well-being (d) Saving. The podcast material, given its impact on young people as a communication tool, will include 10-12 thematic discussions of about 15 minutes in order to make its content more accessible and easier to understand. The data on whether European citizens know basic financial concepts are disappointing, as a result of a recent survey on financial illiteracy in Europe. In particular, for our country the results are even more unfavourable, as Greece is in the last positions among the countries in which its population has basic financial knowledge. Consequently, the diffusion of financial knowledge requires the cooperation of many bodies in order to create a new generation of conscious, informed and financial literate citizens. DoValue Greece in the Global Money Week campaign On the occasion of the launch of the Centre for Financial Responsibility, doValue Greece participated for the first year in the 12th annual Global Money Week campaign (18-24 March 2024), organized by the OECD (OECD), with the Bank of Greece as national coordinator. So, as part of the World Money Week celebration, doValue Greece presented the activity of the newly created Centre, as well as the initiatives it will develop throughout the year as well as the actions taken during the Money Week. It is recalled that GMW is a global campaign aimed at prompting the new generation to indulge in economic education through thematic events and activities. This initiative is part of the objective of the stakeholders involved in the cultivation of young people with the required knowledge, skills, attitudes and behaviours, so as to take the right decisions and achieve economic prosperity and resilience to modern challenges. ) is another initiative by which a broad programme of Corporate Social Responsibility actions is part of the core of which is the creation of value for society, aiming at a sustainable future.
DoValue puts economic literacy into our lives for the management of young people
—