Managing money is not just about numbers. For many women living in fragile social and economic conditions, it means independence, security, and the ability to make choices for themselves and their families. This idea inspired the Handbook developed within the European project GBFE – Gender Balance in Financial Education, promoted under the Erasmus+ programme by Arezzo Innovazione Fondazione di Partecipazione, together with a European network that includes Arise (Austria), Euro Education Bulgaria (Bulgaria), Markeut Skills SL (Spain), and OpenCom ISSC (Italy).
The Handbook introduces an innovative method: virtual simulations that lead participants through the everyday challenges of financial life. Instead of lectures or brochures, learners enter immersive experiences where they practise decision-making without the risk of losing real money.
At the heart of the programme stands “Anna’s Journey”, an interactive story that follows a single mother facing real issues: repairing a broken appliance with limited savings, protecting herself from online scams, setting aside money each month, considering a small loan to start a business, and safeguarding her family with insurance. Each decision takes her down different paths, revealing consequences, risks, and opportunities.
The Handbook goes beyond storytelling – it acts as a practical tool for trainers and organisations. It offers methodological guidance, facilitation techniques, and pedagogical notes designed for those working with adults in vulnerable circumstances. The approach builds on experiential learning, focusing on emotions, psychological safety, and the rebuilding of self-confidence.
The project chose virtual and augmented reality as its preferred channel: safe, judgment-free spaces where women can test financial decisions without real-life consequences. The technology also removes language and cultural barriers through a visual and universal form of communication.
The Handbook does not claim to provide final answers. Instead, it offers a practical, replicable contribution to those working in financial education with disadvantaged women. It represents a small but meaningful step that, within a broader effort, can help reduce the gender gap in financial skills, which remains a reality in many European contexts.
Download Handbook: direct link