Frugal Living — Croatia


ERASMUS+, Key Action 1: youth exchange

Termín konání: 5.—11. prosinec 2022

Venue: Zagreb, Croatia

National team size: 6 participants (aged 18—30) + 1 group leader (18+)

Please read the info-pack

Hosting organisation: Ekonomska Klinika

Project description:

Frugal living is one of the many Erasmus+ projects organized by a student organisation Ekonomska klinika located in Zagreb, Croatia. The implementation of the project is in the hands of a small team of experienced students. Our task is to raise the level of financial literacy among citizens.

This project contains all the basic informations as well as skills and knowledge about the savings, investments and money management. In these uncertain times, we face the problems of inflation, mistrust towards financial institutions and rapid changes in the world of finance. When saving is the best solution for many, this project teaches exactly how to save properly, what are the alternatives, and how to prepare for upcoming changes.

Through various educational, but also fun workshops, we will encourage frugal thinking. Therefore, we tend to include people with fewer economical opportunities to contribute on our project. Fully participating in the project is obligatory in order to get reimbursment.

Main objectives: 

  • to introduce young people to the concept of organizing and managing personal finances
  • to help tackle poverty and overcome financial difficulties that may occur in the future
  • to give young people the opportunity to learn new useful skills and master essential information related to the topic of personal finance
  • to encourage innovation, creativity, and development of ideas
  • to get acquainted with the financial situation in different European countries
  • to compare the situation in the countries and discuss ways to improve
  • to exchange experiences and create networks between youth organizations on a European level
  • to improve foreign language and intercultural competences
  • to promote European unity, cooperation, and Erasmus+ Program


  • teach youth how to organise and manage their finances
  • learning useful economic terms and skills in everyday life
  • focus on young people with economic difficulties, unemployed, students, etc.
  • avoidance of today’s economic problems such as credit card debts, negative balance, student loans and so on, which can lead to poverty
  • increasing financial literacy among youth, exchange experiences, get to know other cultures and languages, make friendships,
    encourage creativity and more
  • more independent and responsible young individuals at local and European level
  • give youth quality education and understanding of basic financial literacy principles- preparation for the „real world“
  • materials used in project will be available on a website so that they could be easily accessed by anyone interested

Participants’ profile:

Each country must send total of 6 participants between the ages of 18 and 30. At least 7 people are predicted to be coming from fewer opportunities backgrounds. Therefore, each country is obligated to send minimum 1 person with economic obstacles.  Furthermore, each country must send 1 group leader, the people of various ages which can include people over 30 years old.

Every group needs to ensure gender balance and optimally have 3 male and 3 female participants if possible. In conclusion, the groups will be formed from 6 people from each country, with one team leader among them. In case of any other possible difficulties (like physical disabilities, health problems or social obstacles) the organizer will do everything in their power to make it easier for the participants and will welcome them gladly.

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