What is BAFI?
BAFI is an Erasmus+ cooperation project in the field of vocational education and training, designed to address a critical gap in financial education across Europe.
Many VET learners face real-life financial responsibilities—income, expenses, contracts, and debt—without having the necessary knowledge to manage them effectively. This lack of financial literacy can negatively impact their education, career opportunities, and overall well-being.
BAFI responds to this need by developing accessible, inclusive, and practical financial education resources tailored specifically to VET learners and educators.
What BAFI Delivers
Financial Literacy Toolkit
A structured toolkit composed of 7 practical modules:
Each module includes videos, infographics, worksheets, and interactive content.
Educator Manual
A comprehensive guide with lesson plans and fact sheets to support teaching in both classroom and online environments.
E-Learning Platform
All resources are made available through an online learning space, ensuring accessibility and flexible learning opportunities.
Open & Accessible Resources
Materials are:
- Free of charge
- Available in multiple languages
- Designed for long-term use and adaptation
Target Groups
- Learners in vocational education and training (VET)
- Young people transitioning from school to work
- Adult learners needing financial skills
- Educators, trainers, and VET providers
- Policymakers and stakeholders in education
Why It Matters
Across Europe:
- Many young people risk falling into debt due to limited financial knowledge
- Financial issues contribute to VET dropout rates and social exclusion
- One in four young adults is at risk of poverty
Financial literacy is not just a skill—it is a foundation for stability, inclusion, and participation in society.
Expected Impact
On Learners
- Improved financial literacy
- Better decision-making and independence
- Increased chances of completing VET education
On Educators
- Enhanced capacity to teach financial topics
- Access to structured, ready-to-use materials
On VET Systems
- Integration of financial literacy into curricula
- Increased inclusiveness and reduced dropout rates
On Society
- Reduced financial inequality
- Greater social inclusion and civic participation