This week, more than 1,100 pupils from across the country participated in the fifth edition of the « Woch vun de Suen ».
This initiative aims to teach children of the 4th cycle of primary education in Luxembourg the basic rules of responsible management of money. Understanding the value of money, teaching young people aged 10 to 12 to better manage their money and savings, and thus raising awareness of the importance of budget control for their future are the priorities of this project.
In context of increasing incentive consumption, it is indeed essential to introduce financial literacy from an early age in order to make them attentive to a thoughtful and responsible consumption. Thanks to the volunteers’ commitment, the students were able to benefit from a playful two hours animation in their respective classes.
The initiative is organised annually by the ABBL Foundation for Financial Education with the support of the Chamber of Commerce and is part of the “European Money Week” initiated by the European Banking Federation. The “Woch vun de Suen” has the support of the Ministry of National Education, Childhood and Youth.
By Jessica Thyrion, Communication & Financial Education Adviser, ABBL