Implementation Models of Financial Education in Schools

Background/purpose. The wake of the recent global crisis calls for the immediate need for Financial Education (FE). Its introduction and implementation in schools are key to preparing students for a successful and independent life by mastering their financial competencies. Therefore, this research will explore several models to determine one that is both practical and preferable for application in schools.

Materials/methods. A combination of qualitative and quantitative methods was applied. A survey was conducted by participants from a total of four schools, which were located in both urban and rural areas, comprising three public schools and one private school. Of those participants, 690 were students, 78 were teachers, and 107 were parents. Another part of the data was collected through individual, semi-structured interviews with four school principals and twenty teachers.

Results. The key findings indicate that there are no special models, and the most useful and preferred model for implementing financial education is considered a stand-alone subject.

Conclusion. Despite its limitations, this study is the first research on this topic in Kosovo, serving as a valuable source for designing and developing financial education documents and materials.

Keywords: Financial Education, Financial Literacy, models, school, Kosovo

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