We present the latest news from Get a Grip, a youth financial literacy project in which UW NL partners with Humanitas.
Managing your personal finance is something you need to learn. The financial decisions young people have to make, ranging from getting health insurance to paying mobile phone bills, can be confusing and lead to all kinds of problems.
Follow-up Get a Grip 2021
Good news! Additional funding has been raised from ING for the period 2021-2022. Currently there are 19 departments with Get a Grip of which 14 departments are supported by the current nationwide funded project and 5 departments exclusively with own funding. The financing of the current project, the success and urgency of young people and debt have contributed to the ability to attract financing from ING. With funding from ING 2021-2022 the project will see 20 additional departments. This also means resources are available to further develop the promotional campaigns and expand it as well as facilitate a further deepening of the methodology. With a further extension From Get a Grip in these departments, we will promote the spread of the project and continue to make it more sustainable to safeguard knowledge and experience locally and regionally. Ultimately, we aim to execute Get a Grip across the whole country. Because a large part of the Humanitas departments are exclusively executed with paid coordination, a new focus will be on supporting departments with voluntary coordinators.
Get a Grip progress in corona time:
Some departments that were still in the start-up phase started up a little later as a result of the Corona crisis.
In the meantime, all departments have started-up. We foresee that in the coming 2 years we will certainly make up for the delay and achieve the planned results. Currently we are well on the way to achieve the expected results. Of the intended 280 participants in 2 years (2020-2021), 135 have now been supervised. We saw a clear drop in registrations in March (11), April (7), May (6) and June (9). In July there were 19 new registrations, a marked increase. Corona has a major impact on young people’s finances. Many of them work in the hospitality industry or as flex workers. They are therefore the first to lose their jobs and thus their income. The economic measures taken by the government have helped young people to a large extend. Therefore, we expect an increase of young people in financial difficulties, but not a tidal wave of new registrations.
Corona has influenced the way in which participants are supervised. Right now, Humanitas is doing everything it can in order to continue to support the participants. The physical buddy contact was shut down during the first wave, but
volunteers remained available to participants through telephone, video calling, and WhatsApp. For urgent questions and
personal contact these public resources offered sufficient possibilities. However, we have noticed that more than digital contact is needed in order to provide support to participants and gain real insight into their finances. Fortunately, during the second wave it was advised to avoid physical contact as much as possible, but not entirely obligated.
Volunteer training and peer review:
Humanitas works with trained volunteers and already offers part of its training via online modules.
However, these training courses are always supplemented with face-to-face training with many options for exchange and practice among themselves. Physical training was not possible during the first and second waves find passage more. Departments therefore conducted the training online.