Station 1: Budget
Earning their own first income or even dealing with allowance is already a challenge for many young people. When young people receive their first salary, they may spend it before they receive their next pay cheque. At this station, students create their first budget and learn how to manage their money and keep their expenses under control.
Station 2: Debt traps
Here, a debt counsellor shows the young people how debts can arise. They receive valuable tips and tricks on how to avoid them. Young people who fell into a debt trap themselves tell their stories.
Station 3: Account types and payment methods
What types of accounts are there? How does one pay bills or set up a standing order? What does direct debit mean? Together with the students, answers to these and other questions are developed at the third station.
Station 4: Financing options
At the last station, the students receive important information on various forms of credit and the risks thereof. Students then engage in practical exercises in small groups and calculate the effective costs of a purchase using the alluring financing options that are presented in advertising.
This project is aimed at all secondary schools in Liechtenstein. We currently provide financial literacy education to more than 300 students a year. Since it launched in 2012, more than 1,500 people have gained financial literacy through this project. In cooperation with several partners and banks, the LBA is making a major contribution to improving the general financial education of children, young people, and adults. Interested schools are invited to contact us.