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Those who were less financially literate were more likely to have problems with debt, were less likely to save, were more likely to engage in high-cost credit, and were less likely to plan for the future. Financial literacy provided greater control of one’s financial future, more effective use of financial products and services, and reduced vulnerability to overzealous retailers or fraudulent schemes.The levels of financial literacy in Europe were, however, low, as recognized by EC’s COM(2007) 808 and OECD studies.Acting since young ages to improve financial literacy should have beeen, therefore, a priority. It’s often between 6 and 10 years old that children began to deal with money; they had to manage their lunch money, their allowance, etc.. Along these last few years, many European Countries had established national financial education strategies that start in kindergarten.The project aimed to create an Online Learning Computer Game to be used in regular education setting that provides a simulated environment in which users (children) were presented with key financial concepts and were required to make decisions regarding the use of money, in order to:• Prepare them to deal with money in a responsible manner and direct them towards the responsible use of money in the future;• Strengthen their behaviours leading to increased saving, more productive and responsible spending, and borrowing for sound reasons.The Game would mix action (simulation), with concepts’ presentation, quizzes and other resources that could complete the learning experience and make it more effective.Along with the game, it would be developed complementary tools, including a game manual and a guide to help teachers/trainers implementing the game in the classroom and that can also propose off-game activities.Additionally, project MoneyQuest would also deliver along its lifespan:• Training of teachers and trainers to teach them how to implement the Game (at least 60 teachers and trainers should be covered)• Pilot training to test the Game /at least 100 children should participate)• Website and a facebook page on Financial Education with a repository of the materials produced in the project (but not only) and that can be a meeting point for people involved or interested in the topic.• Sustainability Strategy that would present the guidelines for the future exploitation of results and to ensure the future impact of the project.The main outcomes would be available online, have multi-lingua support (EN, TR, PT, GR, PL) and the computer learning game would follow WCAG 2.0 requirements, thus enabling for a wider dissemination and future impact.As a result, MoneyQuest should have provided: • Teachers/trainers and Parents with the access to an innovative and user friendly tool for financial education that could be used in various settings, that also contributed to improve their own financial literacy level• Children with the access to a tool, at the same time user friendly and entertaining, that enabled learning by-doing of key financial competences• Organisations active in financial education with a new tool and knowledge to improve financial literacy• In the future, as children become young adults, more opportunities for more informed citizens, contributing for a healthier European societyThis initiative gathered 5 participants:• Karsiyaka Ilce Milli Egitim Mudurlugu (Turkey): public body, part of the Ministry of Education, and in charge with the planning and coordination of all kinds of educational and training activities in pre-school, primary, secondary and adult education in Karşıyaka District. It oversees almost 200 education institutions.• Advancis (Portugal): private company that provides consultancy and training services in Education and People Development, with competences also in ICT based learning methodologies• Boon (Portugal): private company that provides services in design and illustration.• University of Western Macedonia (Greece): University with a Department on Early Childhood Education with a strong focus on educators’ training and educational policy.• Szkola Podstawowa Nr 1 Im.Ken W Krakowie (Poland): primary school with around 480 pupils and 43 teachers.
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