Economy

World Money Week has started: time to improve your financial literacy

Global Money Week 2025, or World Money Week, an international information campaign on financial literacy for children and youth, has started in Ukraine. The launch of the campaign was announced by NBU Governor Andriy Pyshnyi, Komersant ukrainskyi reports.

This is the eleventh time the NBU has supported the campaign and is its coordinator in Ukraine.

This year’s key theme is “Choose reliable financial information, take care of your financial future.”

“Ukrainian youth is growing up in an extremely difficult environment where economic risks and fraudulent schemes are changing rapidly. That is why it is crucial to teach children and teenagers the key principles of financial literacy so that they can recognize fakes, check information sources and take responsibility for their own financial decisions,” said Andriy Pyshny, Governor of the National Bank of Ukraine.

This year’s Global Money Week in Ukraine will take place from March 17 to 30, 2025.

What awaits participants

Global Money Week 2025 will include three powerful educational initiatives:

– on March 27, the largest educational conference on financial literacy in Ukraine, FinLit Forum, will take place;

– march 18 – the national final of the largest financial quiz in Europe for teenagers aged 13-15, European Money Quiz;

– on March 21, the final of the All-Ukrainian Financial Literacy Championship for 10th grade students of general secondary education institutions, organized by Junior Achievement Ukraine in partnership with the National Bank.

In total, almost 5,000 teachers have registered for Global Money Week 2025 events and will support the campaign in their educational institutions. The NBU and its partners have prepared a rich program for them. All educational events are free of charge.

The Deposit Guarantee Fund also offers to improve financial literacy

Financial literacy is not just the ability to count money. It is an understanding of how financial mechanisms work, knowledge of how to manage your budget, avoid debt, invest, and protect your funds from fraud and risks. This guidance is available on the Facebook page of the FinCult financial literacy education project.

It also describes the measures prepared by the Deposit Guarantee Fund.

17.03.2025 – Start of the FinCult online marathon on Facebook

20.03.2025 – Live broadcast on Fincult’s Instagram page with Anatolii Kharchenko, PhD in Economics, Associate Professor, co-author of the model program “Entrepreneurship and Financial Literacy for Grades 8-9” on financial trends.

21.03.2025 – Podcast “On the Wave of Financial Literacy: Global Money Week-2025” on the Fincult YouTube channel.

26.03.2025 – Online round table on the Fincult YouTube channel:

26.03.2025 – video “Choose information wisely with Coconut the dog: Global Money Week 2025”.

Financial literacy will become a compulsory subject at school

Starting in 2025, a compulsory course “Entrepreneurship and Financial Literacy” will be introduced for 8-9 graders. Pilot teaching of the course has already begun in 2024.

This program is the result of a partnership between the Deposit Guarantee Fund, the University of Banking and the NGO Business Club Partner, which began in 2019 with the signing of a Memorandum of Cooperation.

The project was named “For educators – by educators”. It was developed by 16 scientists and teachers from 5 regions of Ukraine.

It includes pilot materials, a model program, an educational and methodological kit of the same name, and an Educational Program for Teacher Training in the course “Entrepreneurship and Financial Literacy. grades 8-9”.

This project has already trained 96 teachers who will teach the course in schools.

During these lessons, students will learn about:

budgeting – how to properly allocate income, expenses, savings, and investments;

financial planning – how to set short-term and long-term financial goals;

savings and reserve fund – why it is important to have a financial cushion;

income and expenses – how to increase income and control expenses;

investing – what are the basic principles of investing, risks and potential returns;

loans and debts – how to use loans responsibly and avoid getting into debt;

taxes – how to pay taxes correctly and use tax benefits;

financial fraud – how to recognize financial fraud and protect your money;

insurance – what types of insurance are available and why they are important;

retirement planning – how to take care of financial stability in old age in advance.