Launched Project of Addiko Bank and Štedopis for Financial Education of Citizens

Addiko Bank, in collaboration with Štedopis, the Institute for Financial Education, has launched a lifelong financial literacy project titled ‘Why Didn’t We Learn This in School?’.

How to Manage Money?

The aim of the project is to help citizens master personal finance management more quickly and easily. Guided by the idea that informed and responsible users of financial services and products are important for the well-being of individuals, families, and society, Addiko Bank, in collaboration with Štedopis, known for its financial literacy programs for youth, has created educational content for adult citizens to better tackle everyday financial challenges – from getting the first job to retirement.

>>>With New Textbooks, Financial Literacy Has Become Part of Education for the First Time

Simple and understandable explanations on how to manage money are now available on a specially created Addiko Bank website dedicated to financial literacy. The educational content of the project ‘Why Didn’t We Learn This in School?’ covers topics of money management typical for certain life stages and related events through five sections: First Job, Buying an Apartment/Car, Wedding, Children, and Family Finances.

At the end of each section, there is also an e-quiz with 10 questions to test knowledge. Every event in life is unique, but they are directly or indirectly related to personal finances. Whether deciding on buying an apartment, saving, educating children, or how to care for parents as they age, making a decision is easier when a person possesses fundamental financial knowledge and all essential information.

Less than Half of Croats Financially Literate

A recent study by Standard & Poor’s shows that only 44 percent of Croatian citizens are financially literate, and concerning is the data from the HNB and HANFA studies that only 45 percent of citizens plan their long-term financial goals, as well as the fact that 50 percent cannot cover an unexpected expense equal to their monthly income.

>>>MINI MBA Programs Expand Overall Managerial Perspective

Štedopis, the Institute for Financial Education, has educated over 10,000 teenagers and students so far, and they have also published the first free textbook on personal finance for high schools and donated 5,000 copies to schools across Croatia. To promote the financial literacy project, Addiko Bank has also organized an educational competition that starts today, October 11, and can be accessed via the link.