2022 Slovakia Global Money Week
GMW NATIONAL COORDINATOR:
- National Bank of Slovakia
PARTICIPATING ORGANISATIONS:
- Institute of Banking Education of the National Bank of Slovakia, n. o., Museum of Coins and Medals, schools
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 6
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 565
NUMBER OF ADULTS REACHED DIRECTLY:
- 361
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 75,671
The 10th annual Global Money Week took place in Slovakia mainly through online activities. During March 21-27, a series of events were dedicated to the GMW2022 theme of "Build Your Future, Be Smart about Money". Children and young people were involved with learning financial literacy skills to build financial resilience.
Slovakia became actively involved in Global Money Week through the work of National Bank of Slovakia and its five money projects. Many financial literacy trainers gave online financial education sessions for 63 high school students throughout the week. During these 3-hour online classes, they taught the difference between gross and net pay, what the risk is if you do not save for unexpected situations and a number of other interesting facts on the topic of work and money. They also tried to prepare students to make financial decisions that match their home budget. 30 high school students visited the permanent exhibition at the NBS: From the Slovak Koruna to the Euro. An InfoSWAP event was prepared for university students, where 75 students shared knowledge from the financial and non-financial world. On March 25, the NBS organised the national finals of the international Generation €uro competition, in which five teams from secondary schools competed. They presented on the topic of "When is inflation low, when is it too high and what does it actually mean?"
Global Money Week 2022 in Slovakia also included an intensive campaign for a series of short animated videos from 5peniažka. This animated miniseries of videos illustrates well-known fairy tales and presents various financial topics and life situations in the modern world of finance. The NBS also prepared a video series for seniors on various financial topics related to many financial situations based on real life cases.
During GMW2022, the National Bank published a number of articles on their 5penazi.sk website. These focused on various thematic areas of financial education for children, pupils, students and the adult population.
Feedback from participants was collected via online education, lectures, webinars, fairy tales and traffic to the 5penazi.sk website and data was used to improve the quality of financial education in various topics.
Throughout Global Money Week 2022, financial literacy awareness sessions were offered to more than 150 children and youth. An online finance game “Moja Família” (My Family) was organised for primary school children. The aim of the game is to teach students good skills and habits while thinking skilfully and economically.
2021 Slovakia Global Money Week
PARTICIPATING ORGANISATIONS:
- National Bank of Slovakia, Institute of Banking Education of the National Bank of Slovakia, Akadémia vzdelania OVB (non-profit organisation Academy of Education OVB), OVB Allfinanz Slovensko a.s.
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 12
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 217
NUMBER OF ADULTS REACHED DIRECTLY:
- 6,793
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 10,000
Throughout Global Money Week 2021, the National Bank of Slovakia, in cooperation with Institute of Banking Education of the National Bank of Slovakia, reached 67 students in four secondary schools through a three-hour online financial education talk, and several other activities. During GMW2021, online financial literacy awareness sessions were offered to young people and adults as well as an online quiz on the topic “Do you have financial literacy at your fingertips?” More than 6,763 people joined the quiz and almost 60% of all answers were correct. Furthermore, this year people had an opportunity to read interesting articles, watch videos and interviews on various thematic areas of financial education made available for children, youth and adults in the new web portal of the National Bank of Slovakia here.
To celebrate GMW2021, Akadémia vzdelania OVB held activities in 11 primary schools. A financial online game “Moja Família (My Family)” was organised for primary school children, with the aim of helping children to build better financial habits and skills.
2019 Slovakia Global Money Week
LEADING ORGANISATIONS:
- OVB Allfinanz Slovensko (Akadémia vzdelania OVB)
PARTICIPATING ORGANISATIONS:
- 12 Schools
NUMBER OF CHILDREN REACHED DIRECTLY:
- 125
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 700
OVB Allfinanz Slovensko (Akadémia vzdelania OVB)
For GMW2019, Akadémia vzdelania conducted activities at 12 primary and secondary schools. In the primary schools, an internet game was played amongst the children, named Moja Familia (My Family). In this game the children had to manage the finances of their families. This activity was aimed to teach budgeting to the young children. In secondary schools, a board game was played, named Sloboda (Financial Freedom). In this game, the children had to manage their finance during common lifetime situations they may face in 30 years. The students were involved in various competitions and tested their skills in financial literacy.
2018 Slovakia Global Money Week
LEADING ORGANISATIONS:
- Children of Slovakia Foundation
PARTICIPATING ORGANISATIONS:
- 47 schools
NUMBER OF CHILDREN REACHED DIRECTLY:
- 940
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 3 500
Children of Slovakia Foundation
The activities for GMW took place in about 50 primary and secondary schools. Students were able to participate in discussions, games, creative activities, and public readings. They were also introduced to the concepts of saving, financial decision making, and philanthropy. One hundred and eight classes participated in the European Money Quiz, and thus were able to test their knowledge of the financial world while building teamwork skills. Schools sent the Children of Slovakia Foundation reports on their GMW experiences and on topics such as budgeting, cryptocurrency, and using money safely online. The Foundation invited all participating schools to the June 2018 Student Conference in Bratislava at Slovenská Sporiteľna. Students could visit the headquarters of one of the biggest banks in Slovakia.
2017 Slovakia Global Money Week
LEADING ORGANISATION:
PARTICIPATING ORGANISATIONS:
- kindergartens
- elementary schools, secondary schools/high schools, non-governmental organisations, communities/community initiatives
NUMBER OF CHILDREN REACHED DIRECTLY:
- 1 305
NUMBER OF CHILDREN REACHED INDIRECTLY:
- 2000
The Children of Slovakia Foundation (NDS) has been supporting the Global Money Week campaign in Slovakia since 2014. This year’s Global Money Week activities were part of the long-lasting programmes “Know your money” and “School of family finances”.
The partners of the NDS organised various social and financial literacy activities during and around the Week. A wide range of kindergartens, elementary schools, secondary schools, non-governmental organisations, and communities were involved.
The Global Money Week activities aimed to:
- connect children, young people, professionals and seniors in activities that would help them create a sustainable financial future at home and worldwide;
- share knowledge, opinions, ideas on money matters, saving and financial decisions;
- motivate young people to pursue philanthropic activities and be actively involved in their communities;
- create a space where children and young people could express their opinions about finance and money and secure their right to be heard.
Furthermore, students from grammar schools and secondary schools were working on projects that were presented at a conference during the Week. The following themes were addressed:
- “Being my own boss” (Why I prefer my own company rather than being employed by someone else)
- “I can share even one euro” (Reflecting personal philanthropy and giving)
- “Not everyone is expecting money” (It is possible to share various resources, e.g. time, knowledge, skills, attention)
- “I will need money at every stage of my life” (The importance of saving and building a habit of saving and not spending all money I have).
2016 Slovakia Global Money Week
LEADING ORGANISATION:
DATE OF THE EVENT:
- 14th - 21st of March
TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:
- 1 000
All of the Global Money Week 2016 activities took place within 70 primary and secondary schools, as well as community centers throughout Slovakia. Activities included educational workshops for younger students or for parents, seniors or vulnerable children. These workshops were focused on pocket money, budgeting and saving at home, at school and in organisations, donations and other topics. At the same time, Children of Slovakia Foundation also invited all participating schools to join at the Student´s Conference in Bratislava on 15 - 16 June 2016 at Slovenská Sporiteľna, where the students can network, visit the headquarters of one of the largest banks in Slovakia, share their presentations, experience and opinions about money matters.
2015 Slovakia Money Week
PARTICIPANTS:
DATE OF THE EVENT:
- 9th - 17th of March
NUMBER OF CHILDREN REACHED:
- 1 400
Children of Slovakia Foundation organised one-day workshops on ‘Know your Money’ and ‘Family Finances School’ in different regions of Slovakia during Global Money Week 2015. The goals were to inform primary and secondary school students about the importance of money in a changing economic system, discuss and understand the importance of money, savings and prevention of living life in debt as well as distrainment, and encourage children and young people to take an active approach in schools and communities. Furthermore the celebrations were intended to motivate kids to try and improve entrepreneurial skills, link the participants of different ages for the mutual enrichment in financial education, support youth to become active members of their communities and motivate them to become philanthropists, and enable children and young people to share their opinions regarding financial matters. To achieve these objectives, Children of Slovakia Foundation organised various workshops, trainings, and quizzes in schools and youth centers all over the country.
On 16 March, an interesting event “How to save” was held in Banská Bystrica. The event addressed why one should save and shared tips and tricks on how to save even from a little money. On 17 March, “How to sell myself at an interview” activity on presentation skills and methods for young people was organised. These events were part of the project supported by Skola rodinnych financii (School of family finance) and organised by Children of Slovakia Foundation.
2014 Slovakia Money Week
PARTICIPANT:
DATE OF THE EVENT:
- 10th – 17th of March
NUMBER OF CHILDREN REACHED:
- 2 869
Various activities were organised by Children of Slovakia Foundation which were attended by the members of their social and financial literacy development programs.
For Global Money Week the Foundation brought together 3 non-governmental organisations, 42 schools (ranging from kindergarten to high school) from all regions of Slovakia, altogether about 2,900 children and young people. Lecturers from both programs voluntarily prepared special activities for both children and youth such as finance-themed workshops with their families, teachers or lecturers.
Activities based on experimental education gave children a chance to manage and use money. For example in one activity, participants prepared their own budget and savings plan together with bank employees. They also learnt bargaining and commercial skills. The students then put their newly learnt skills into practice by baking and selling cookies. Participants also organised a financial collection for the animal shelter in the neighbourhood; a charity concert for their ill classmate and a financial collection for their classmate in material need. They discovered how important it is to help each other while gaining new organisational and economic skills from managing the events.
A workshop for elementary-school and secondary-school pupils called “Let’s look for fundraising possibilities in our town” showed children and youth how to create fundraising opportunities in their community. The students came up with an idea at the end of the work shop called “Let´s turn the waste in our village into a profit”. They prepared concrete proposal and organised a meeting with the mayor to discuss their proposal. The Mayor promised to use their proposal to fuel further discussions with other elected members of the village council.
Primary school children were taught about the euro and how to use modern payment methods. Others were taught “economical cooking and baking” where they worked out a budget, went grocery shopping and baked a cake to serve to their parents and grandparents after school. They then compared the costs for baking as opposed to buying a cake. The money they saved the school put into their year-end party’s class fund.
A workshop for children from Children´s Home of K. Hofbauer in Podolínec, Slovakia, taught children how to start a business and establish a trade. They had the chance to discuss their ideas with the invited guest –a budding fast food entrepreneur. The entrepreneur was a long-term unemployed person who started his own successful business. The children loved listening to his story and learning practical steps that they can use to start their own business, i.e. the procedure and conditions for a trade certificate; how to apply for a business allowance; and the legislative obligations of a business owner.
Secondary schools, primary schools and a seniors club in Martin, Slovakia hosted an acitivity called “Let’s talk together,” where the pariticpants were taught the importance of money in a changing economic system and how to ensure a stable financial future for youth. The generationally diverse group also discussed the importance of money and savings.
A special one-day programme for mothers living in the Crisis Centre of St.Elisabeth, Banská Bystrica, Slovakia with their children involved inspirational social-financial education activities. They discussed their financial possibilities and the process of finding a job. Beside the discussion we prepared a meal together with an agreed upon budget. Later they played games and took a financial quiz.
Various topics were discussed with young families in community centes. Topics discussed were how to use money in a responsible way, life insuranve, family budgeting, personbal budgeting, money and its various forms, how to calculate wages and how to save.
Learn more:
www.skolarodinnychfinancii.sk
www.zskvacany.edupage.org
www.zajablonove.edu.sk
www.nds.sk
www.ddskh.sk
zspieninskabb.edupage.org
