A person who is aware of their financial habits and motivated to find good deals when shopping shows confidence in their interactions with the seller, especially in cases of incorrect change or incorrect calculations. They respect the diversity of financial priorities among people.
This fragment is part of the test table of the Financial Competencies Framework for Children and Youth of Ukraine, approved by the Ministry of Education and Science. The document describes the key financial competencies of Ukrainian schoolchildren aged 5 to 18, which include knowledge, skills, abilities and a personal approach to personal finances and financial services.
The framework, which can be used as a tool to support educators, can be easily adapted to specific requirements, life situations and age groups. For example, it can be customized to take into account the individual needs of a child or adolescent at different stages of their development.
In total, the Framework describes about 900 financial competencies that students should possess by the end of various stages of education. The Minister of Education and Science of Ukraine, Oksen Lisovyi, believes that financial competencies are a necessary part of every person’s life, and the Framework will contribute to the formation of a holistic understanding of financial literacy among children and youth in Ukraine.
The next step will be to develop curricula and materials in line with the Framework, as well as their implementation in the educational process. Using the Framework will require updating the professional development programs of teachers who teach financial literacy and educators who use entrepreneurial and financial literacy approaches in their teaching.
