Progress Update: Developing the Financial Literacy Assessment Tool

As part of our ongoing efforts to enhance financial literacy through the FINMAN+ project, we are excited to share our progress in developing a cutting-edge Financial Literacy Assessment Tool. This tool is designed to evaluate the financial knowledge and decision-making skills of young adults, providing educators with valuable insights into their students’ understanding of key financial concepts.

The assessment tool will feature a range of interactive, scenario-based questions that test participants’ ability to apply their financial knowledge in real-life situations. It will not only assess theoretical knowledge but also focus on practical skills such as budgeting, saving, investing, and managing debt. By using a dynamic and engaging approach, the tool aims to make the learning process more interactive and impactful.

Currently, our team is finalizing the digital platform for the tool, ensuring that it is user-friendly, accessible, and compatible across different devices. Once completed, the tool will be available for educators to use in their classrooms and training sessions, helping to track the progress of learners and identify areas for improvement. This innovative tool will play a key role in ensuring that the FINMAN+ project leaves a lasting impact on both learners and educators, empowering them with the skills they need to make informed financial decisions. Stay tuned for further updates as we near the tool’s launch!