2017 Germany Global Money Week

Host of the Global Launch Event of the Global Money Week
Bundesbank
Participating Organizations:
My Finance Coach Stiftung GmbH
Learn Money e.V.
Bain & Company Germany
6 Schools in Düsseldorf
Different schools around Germany

For the first time, in 2017, the Global Launch of Global Money Week will be held in Germany at the premises of the Money Museum of the Deutsche Bundesbank (German Central Bank) with support of the German Presidency of the G20.

An interactive event with children and TV show celebrities, hosted by the Bundesbank Board member Dr. Andreas Dombret will kick off the celebrations in Germany and all around the world! The morning will continue with an interactive show led by Ralph Caspers, Moderator of the educational TV-show “Wissen macht Ah!” in the Bundesbank’s Money Museum, which was recently opened to the public again. Finally, groups of experts and organizations from Germany engaged in Global Money Week and financial education projects will discuss in the afternoon on what are the most effective ways of teaching financial education to the children. Among the speakers will be representatives of Learn Money and My Finance Coach Stiftung.

Throughout the week other celebrations and activities will take place. A few examples are outlined below. My Finance Coach will also be leading activities during GMW 2017. Financial literacy awareness sessions will be offered to children, youth and for adults. Sessions will focus on informing students about the importance on handling money, spending wisely and saving. In addition, teachers will prepare themselves to teach students more about finance. Throughout the teacher trainings the participants will receive more background information to be able to understand behavioural finance, so that they are able to teach their students basic knowledge.

Since more than 6 years Founder of Learn Money e.V. and Finance Experts Carola Ferstl/n-tv and Henrik Naujoks/BAIN &COMPANY are teaching children in different cities about money. Together with trainees of BAIN & Company they’ll visit 6 schools in Düsseldorf and speak to kids age 8 till 9 years old. During the LearnMoneyDay 2017 the Lectures per class will go 2 hours and will include again the kindercash special money pig, so the kids will learn different aspect to save and to think about money.


2016 Germany Global Money Week

Leading Organizations:
Learn money e.V.
My Finance Coach Stiftung
Participating Organizations:
Arbeitskreis Future Skills Frauenbeirat HVB Berlin
Rockitbiz
Deutsche Borse
Die Gelbe Villa
Geekettes and institute for sustainable management

Adolf Glassbrenner school

BAIN Company
Date of the event:
14th - 20th of March
Total number of children & youth engaged: 6 700
Total indirect reach: 4 500

During Global Money Week, the organization Learn Money conducted teaching and day-long working lessons with female experts as coaches about how to create a start-up, focusing on the theme of “Future skills and digital education”.

A kick off-event took place on 9 March: a pitching session in front of an expert jury for three start-up teams after one intensive week. The jury-event was open for other schoolchildren. Each of the seven female experts had a specific topic based on her own professional focus: start up skills & tools, finance, marketing, sustainable management, digital media use, pitching. Carola Ferstl, co-founder of Learn Money Germany spent time with the kids and spoke about financial values, the GMW activities around the world and was around during the creative working process to seek out the best start-up idea. Ms. Ferstl took part in this event at the beginning and was also the financial expert for the jury at the end. To take part in the GMW celebrations, Learn Money’s long term partner, BAIN & Company, conducted a learn money teaching day for third grade students in Düsseldorf with a focus on money and piggybanks.

CYFI’s partner My Finance Coach also led many activities during the week. A class from the Heinrich-Kraft-Schule in Frankfurt took a tour of the stock exchange (the Deutsche Börse) and learned about its role in the global economy and the planned merge with the London Stock Exchange. Through a special letter-exchange activity developed for Global Money Week, students in Germany learned about exchange rates and the importance of saving while simultaneously making new friends and expanding their cultural horizons. For the activity, pupils in Germany wrote to their “pen-pals” at partner schools in China, and shared their ideas about saving and what it is like growing up in Germany.

Class visits, which were conducted through volunteers, also took place nationwide where Finance Coaches talked to the students about the importance of handling money, spending wisely and saving. In addition, teachers prepared themselves to teach students more about finance. Throughout the teacher training format of My Finance Coach, the participants received more background information to be able to understand behavioral finance, so that they are better able to teach their students basic knowledge.


2015 Germany Global Money Week

Participants:
My Finance Coach (MFC)
Date of the event:
9th – 17th of March
Number of children reached:
13 621

As part of the kick-off activities with My Finance Coach’s newest supporter, Deutsche Börse (German Stock Exchange), a lucky class from the Anna-Schmidt-Schule in Frankfurt took a tour of the stock exchange and learned about its role in the global economy on two occasions, the first visit launched Global Money Week in Germany on 9 March and the second took place on the “Day of the Stock” (Tag der Aktie) on 16 March.

Through a unique letter-exchange activity developed for Global Money Week 2015, classes all over Germany learned about exchange rates and the importance of saving while simultaneously making new friends and expanding their cultural horizons. For the activity, pupils in Germany wrote to their “pen pals” at partner schools in Romania, Turkey, and China and shared their ideas about saving and what it is like growing up in Germany. They then received letters in return from the partner schools.

Throughout the week, My Finance Coach also conducted three teacher trainings, 42 class visits conducted by Finance Coaches (volunteer experts from My Finance Coach’s supporter companies), and extracurricular activities such as the new project “Career Speed-Dating”. My Finance Coach also participated in Global Money Week through its programs around the world in Brazil, Indonesia, Malaysia, and Thailand.

 

2014 Germany Global Money Week

Participants:
Bain & Company
My Finance Coach Stiftung GmbH
Date of event:
10th - 17th of March
Number of children reached:
1 745

In Düsseldorf, 6 financial education workshops for children aged 9-10 were held by Bain & Company. The topics included in the workshop were: spending, saving, investing and donating money. The organizers gave each child a piggy bank so that they could put their lessons into practice.

My Finance Coach visited 59 grade 5-10 classes around Germany and hosted various activities celebrating financial literacy. Through the use of topics such as shopping (needs and wants, influence of advertising, and consumer rights), planning (income and expenditure, one-off purchases and on-going expenses) and saving (different financial products, investment, and risk-return-liquidity) around 1475 students were reached from all school types in Germany.

To stress the importance of financial literacy, My Finance Coach created a “Global Activity” for students in all participating MFC countries to take part in. The Global Activity was a worksheet which highlighted the importance of saving and planning when it comes to achieving goals. On Friday 14th March, My Finance Coach also coordinated an exciting financial education activity for students with physical disabilities. This is the second year My Finance Coach has conducted class visits for students with physical disabilities during Global Money Week and they plan to make it an annual activity!

 

2013 Germany Global Money Week

Name of organizing entity - My Finance Coach Stiftung GmbH
Date of the event - 15th - 21st of March
Number of children reached - 30

“The Junior Finance Coach project was a lot of fun for both me and the younger pupils I taught. I think My Finance Coach is very important. Not only did I learn a lot, but so did the younger pupils. This is exactly how I think initiatives for young people should be: exciting, diverse and interesting,” commented a Junior Finance Coach. During Global Money Week, video-chat calls were held between German school classes and young people in Uganda, Nigeria and the Ukraine. Global Money Week setting was used also to conduct three Junior Finance Coach Classes.

These represent special lessons where a young person is trained as a Finance Coach (usually aged between 14 and 17) and together with an adult Finance Coach, they conduct a class visit on the topic of “Shopping” (needs and wants, influence of advertising, consumer rights) or “Online and Finance” (value of data, social networks) for a younger class of pupils (aged 11-13).