
Financial Literacy: New Episodes of Sparefroh TV
- New Series: Three Short Episodes About ATMs, Price Differences and Self-Denial
- Videos with Teaching Materials for Primary School
- Financial Literacy for Young Persons and Adults as well

A new series of Sparefroh TV episodes incl. teaching materials is available with immediate effect. Sparefroh TV was developed by Erste Bank und Sparkassen in cooperation with the Federal Ministry of Education and Women's Affairs. The contents are suitable for the 1st - 4th grade, and have been designed in line with pedagogical guidelines. In addition to the videos, teaching materials were authored with the aid of the Polis Center – Learning About Politics at School - and the Initiative for Teaching Entrepreneurship (ifte). “We want children to grow up into self-reliant adults, who can make sound decisions – especially in connection with their own finances. However, for this purpose we must also give them an opportunity to learn about the basics”, says Thomas Uher, member of the management board. The booklet containing all teaching materials and the DVD are available for free for teachers in the Polis Center's online shop.
A New Series with Three Short Episodes
In the new Sparefroh TV series questions surrounding money are answered in a concise and suspenseful manner. “Why Does Money Come Out of the ATM?”, “Why Do Some Things Cost More than Others?” and “Why Can't I Get Everything I Want?” are examined by moderators Kati, Klaus and Sparefroh in approx. 2:30 minutes. The episodes are kept short and are suitable for use in the classroom. In addition, complementary teaching materials were specifically designed for this purpose. The previous 5 minute long episodes are discussing the history of money, setting of priorities, the market economy and the structure of a company. All episodes are available in both German and English language versions.
Financial Knowledge: Every Other Respondent Rates his Knowledge as Satisfactory
According to a survey conducted by Erste Bank und Sparkassen, every other respondent rates his knowledge regarding money and the economy as satisfactory, ever fourth as good and only 7% as very good. Austrians mainly regard compulsory schools (87%), universities and technical colleges (81%) as well as politics (70%) as having the obligation to impart economical and financial knowledge. Erste Bank und Sparkassen have focused on general financial literacy for many years. “The proper handling of money is something one best learns already as a child”, Uher is convinced. Sparefroh TV is produced since 2010 and recommended by the Federal Ministry of Education as teaching material for primary schools. In addition there is also financial education for young persons and adults available: On the web site www.geldundso.at , topics which typically concern young people are are focused on, such as e.g. “Can I afford to move out?”; “Should I overdraw my account to buy a new smart phone?”. Adults who want to have answers regarding various economic topics, can take a cup of coffee with Rainer Müntz with a mouse click: At www.erstebank.at/finanzbildung the economic expert explains complex financial and economic topics in a simple manner in a series of short videos entitled “A Cup of Coffee with Rainer Münz”.
A new series of Sparefroh TV episodes incl. teaching materials is available with immediate effect. Sparefroh TV was developed by Erste Bank und Sparkassen in cooperation with the Federal Ministry of Education and Women's Affairs. The contents are suitable for the 1st - 4th grade, and have been designed in line with pedagogical guidelines. In addition to the videos, teaching materials were authored with the aid of the Polis Center – Learning About Politics at School - and the Initiative for Teaching Entrepreneurship (ifte). “We want children to grow up into self-reliant adults, who can make sound decisions – especially in connection with their own finances. However, for this purpose we must also give them an opportunity to learn about the basics”, says Thomas Uher, member of the management board. The booklet containing all teaching materials and the DVD are available for free for teachers in the Polis Center's online shop.
A New Series with Three Short Episodes
In the new Sparefroh TV series questions surrounding money are answered in a concise and suspenseful manner. “Why Does Money Come Out of the ATM?”, “Why Do Some Things Cost More than Others?” and “Why Can't I Get Everything I Want?” are examined by moderators Kati, Klaus and Sparefroh in approx. 2:30 minutes. The episodes are kept short and are suitable for use in the classroom. In addition, complementary teaching materials were specifically designed for this purpose. The previous 5 minute long episodes are discussing the history of money, setting of priorities, the market economy and the structure of a company. All episodes are available in both German and English language versions.
Financial Knowledge: Every Other Respondent Rates his Knowledge as Satisfactory
According to a survey conducted by Erste Bank und Sparkassen, every other respondent rates his knowledge regarding money and the economy as satisfactory, ever fourth as good and only 7% as very good. Austrians mainly regard compulsory schools (87%), universities and technical colleges (81%) as well as politics (70%) as having the obligation to impart economical and financial knowledge. Erste Bank und Sparkassen have focused on general financial literacy for many years. “The proper handling of money is something one best learns already as a child”, Uher is convinced. Sparefroh TV is produced since 2010 and recommended by the Federal Ministry of Education as teaching material for primary schools. In addition there is also financial education for young persons and adults available: On the web site www.geldundso.at , topics which typically concern young people are are focused on, such as e.g. “Can I afford to move out?”; “Should I overdraw my account to buy a new smart phone?”. Adults who want to have answers regarding various economic topics, can take a cup of coffee with Rainer Müntz with a mouse click: At www.erstebank.at/finanzbildung the economic expert explains complex financial and economic topics in a simple manner in a series of short videos entitled “A Cup of Coffee with Rainer Münz”.

15 January 2015
People and Prosperity