Financial Education in Schools Programme

The OECD recommends (OECD, 2005 - Recommendation on Principles and Good Practices for Financial Education and Awareness), that financial education should begin as early as possible. For this reason, the CNMV and the Banco de España signed a collaboration agreement with the Ministry of Education to develop an annual Financial Education Programme aimed at pupils in the last two years of upper secondary education and on intermediate vocational courses.

Programme participation (registration through the website Finanzas Para TodosAbre en ventana nueva) is voluntary and delivery is flexible, so schools can adapt the contents to their own teaching schedule.

Participating schools have access to the basic material, which includes a teacher and student guide available for teachers on Finanzas Para Todos websiteAbre en ventana nueva. Participating schools can also compete in the Financial Literacy Competition.

The results of a Programme evaluation, conducted within the Financial Education Plan, show that participats not only boosted their financial know-how but also their involvement in household finances and their willingness to save. The results also show that this financial training may also have beneficial long-term effects: for instance, results suggest that the Programme would especially motivate pupils who had repeated a year of their education and expected to leave the educational system early.