Are you a secondary school student or teacher and want your class to participate in the first European financial education contest? Take part in the “European Money Quiz” which tests the financial knowledge of children aged 13 to 15, from 30 countries across Europe.

The contest takes place in two phases:

National Final: March 22, 2023

During the first phase, 2nd, 3rd, and 4th year ESO students from different secondary schools across Spain will compete against students aged 13 to 15 from other centers.

Each student will individually and simultaneously answer questions on financial knowledge via the Kahoot platform. The three students who achieve the highest number of correct answers in the shortest possible time will be declared winners of the national contest and will be awarded a Tablet.

The National Final in Spain, organized by the Spanish Banking Association (AEB) and the AEB Foundation, in collaboration with the Junior Achievement Foundation, will be held online on Wednesday, March 22 at 12:00 PM.

To participate, educational institutions must contact the Junior Achievement Foundation (telephone 914.17.67.81) before March 15, 2023. Participation in this competition is free of charge for both the institutions and the students.

European Final: May 15 and 16, 2023

The winning student of the national final, along with another student from the winning class, will form the pair representing Spain in the European final of the contest organized by the European Banking Federation (EBF).

The European Final will be held on May 15 and 16, 2023, in Brussels (Belgium). The organization will cover the travel expenses to Brussels for the pair of students and their teacher to participate in the contest.

The event will be presented in English, and the contest questions will be simultaneously translated into all national languages. The winning team of the European Final will receive a cash prize for their educational institution.

Rules for the national final.

European competition rules

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Download the program

In the second edition of this award for young economists, which will be broadcast online, the winner will present her work on the short- and long-term effects of financial education on students, their parents, and teachers, following an introduction by the jury president, Gonzalo Solana, on the contribution of her research.

A debate will then be opened on the challenges of financial education in times of uncertainty like the present, with Laura Hospido, Economist in the Microeconomic Studies Division at the Bank of Spain; Ildefonso Méndez, Professor at the University of Murcia and Director of the Center for Studies in Non-Cognitive Skills and Economic Evaluation; and Paula Papp, Director of Financial Services at Frontier Economics. The discussion will be moderated by Juan Carlos Delrieu, Director of Strategic Planning and Sustainability at the AEB.

Sign up for the webinar here

The Federico Prades Award, endowed with 20,000 euros, recognizes the work of the former economic advisor to the AEB for more than 20 years, during which he decisively contributed to understanding our economy, proposing policies to improve economic and social development, and anticipating the framework in which Spanish financial institutions should develop their business models.

With this award, the AEB aims to support young economists in researching and presenting ideas that stimulate debate and the search for solutions to the challenges facing the financial system, just as Federico Prades did throughout his professional career.

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The competition takes place in two phases:

Spanish Final

During the first phase, students in the 3rd and 4th years of ESO from various schools across Spain will compete against other centers. Each class will simultaneously answer questions on financial knowledge in a game. The class that achieves the highest number of correct answers in the shortest possible time will win the national competition.

European Final*

Two students from the winning class will win a trip to Brussels to represent Spain in the European final of the competition organized by the European Banking Federation (EBF). The 60 finalists will answer the same questions simultaneously in their own language. The winning team will receive a prize for their school, as well as a gift for their entire class.

Many of the schools competing in this contest participate in our financial education program “Your finances, your future”, an initiative organized by the Spanish Banking Association with the support of the Junior Achievement Foundation. If you would also like to participate in the program, you can contact the Junior Achievement Foundation (91.417.67.81).

The dates for both competitions change depending on the year. You can keep an eye on our Twitter @EdufinAEB to find out the dates!

Anyone wishing to practice for the national competition, or simply to improve their financial literacy or teach it in class, can do so by consulting these instructions:

Basic instructions for students

Basic instructions for teachers

*The Spanish Banking Association participates as the organizer of the competition. It will cover the cost of the trip to Brussels and accommodation for the winning team of the Spanish final (two students and one teacher) to compete in the European final.

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Our program ‘Your Finances, Your Future’ has now reached its fifth edition, consolidating its commitment to young people and financial education. In the last academic year 2018-2019, a total of 7,057 students from 138 educational centers have benefited from our program, thanks to the work of 587 volunteer employees from 19 banking institutions who have provided students with the financial knowledge necessary for their future.

These five years of ‘Your Finances, Your Future’ would not have been possible without the support and involvement of the collaborating banks which, year after year, have managed to benefit more than 35,800 secondary school students from 43 Spanish provinces, through 1,448 programs delivered by their volunteers.

The Spanish Banking Association, its Foundation and the Junior Achievement Foundation have organized a recognition event this year to acknowledge the dedication of the more than 2,700 volunteer workers from financial institutions who have made our training program possible with their participation throughout this five-year period. Their commitment demonstrates that the banking sector, represented by its employees and volunteers, is fully dedicated to the future of young people.

After the fifth consecutive year, the educational program ‘Your Finances, Your Future’ continues to be a benchmark in financial education, as expressed by the teachers involved, with 100% stating they wish to repeat the program in the next academic year and rating the work of the volunteers in the classroom with a score of 10 out of 10.

This edition comes to an end consolidating the joint commitment to continue supporting our initiative, innovating and improving it, in order to increase its reach to more young people and teachers throughout Spain. The objective of the collaboration between the Spanish Banking Association, AEB Foundation and Junior Achievement Foundation is to promote financial education among young people and encourage them to reflect on financial decision-making. A goal that has been achieved thanks to the collaboration of all the banking institutions participating in the program.

Annual data

During the 2018-2019 academic year:

• 301 ‘Your Finances, Your Future’ educational programs were developed, each consisting of three sessions.
• 7,057 students from 138 centers in 32 provinces have been able to receive training thanks to ‘Your Finances, Your Future’.
• 587 volunteers from banking institutions have made the development of the programs possible.
• II National Financial Education Competition Kahoot!, held on Tuesday, April 9, 2019, with 1,200 students from 30 educational centers.

Assessment

Overall, the assessment of the volunteers participating in the ‘Your Finances, Your Future’ program has been very positive. 99% state they wish to repeat the experience in the next academic year. 92% state that having participated in these programs has allowed them to improve their social skills and capacity for empathy with young people. Furthermore, nine out of ten volunteers state that they have felt committed to the program and believe in its usefulness for the training of students. As for the educational centers, 100% indicate that they would like to repeat the program in the next academic year.

Participating institutions

In the 2018-2019 academic year, a total of 19 financial institutions participated in the ‘Your Finances, Your Future’ project: Abanca, Banca March, Banco Caminos, Banco Mediolanum, Banco Santander, Banco de Crédito Cooperativo-Grupo Cajamar, Bank of America, Bankinter, BBVA, BNP Paribas, Citi, Deutsche Bank, ING, Inversis Banco, MUFG, Renta 4 Banco, Self Bank, Société Générale and UCI. Likewise, and as in previous editions, the project has had the support of the AEB Foundation.

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As a new feature, this fourth edition introduces a session on digital banking and cybersecurity to make students aware of how new technologies influence our lives and what precautions need to be taken. The class will focus on different types of digital fraud and how to prevent them.

Furthermore, students participating in “Your Finances, Your Future” this year will have the opportunity to take part in the national final of the financial education competition via the ‘Kahoot!’ online platform, organized by the AEB together with other European banking associations belonging to the European Banking Federation. The Spanish final of this competition will be held on April 10 and 11, and the winners will represent Spain in the European final to be held in May with students from 30 other European countries.

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In addition, as a new feature, users will be able to test their knowledge through the game What does it sound like to you?, which encourages learning these terms in a fun way.

If you would like to stay up to date with updates to our financial dictionary, you can follow the initiative on Facebook, Twitter and Instagram.

Discover this initiative at: www.mesuenaunpoco.com

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The students attended different workshops and were assisted throughout the day by 11 banking and IT volunteers, who acted as mentors for each team.

The best applications were presented on March 28 at the AEB headquarters in Torre Espacio, where the students presented their work to a jury composed of banking and technology executives. The six finalist applications facilitated saving and expense control for young people through savings goals, parental control, completing tasks in exchange for an allowance, or savings challenges with their friends.

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AEB worked with Deusto Business School and Junior Achievement to organise this event, held at the Madrid Hub, which was attended by representatives from the banking world, education and the public sector, as well as students from the Menesianos School in Madrid.

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This initiative reached more than 720,000 people through social media (Instagram, Facebook and Twitter).

It sounds vaguely familiar to me has been a success, thanks to the strong response from users. For this reason, the AEB plans to increase the number of concepts in this financial dictionary.

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