The purpose of Financial Literacy

"The guiding idea is the responsible citizen, who is able to manage his/her personal financial resources in an independent and responsible way. With reasonable, comprehensive, and anticipatory thought, planning and action, he/she makes a positive contribution to society, the environment, and his/her own well-being. Solution-oriented and constructive action promotes sustainability"

Walter Berger -Taschengeld Management

"Financial literacy is knowledge and understanding of financial concepts and risks, and the skills, motivation and confidence to apply such knowledge and understanding in order to make effective decisions across a range of financial contexts, to improve the financial well-being of individuals and society, and to enable participation in economic life."

Source: The PISA 2015 Assessment and Analytical Framework (OECD, 2016a)

"What´s the point in passing exams and having good grades if they do not qualify you for daily life?"

"Good teachers don´t teach subjects, they teach human beings!"

"INTEGRATION stands for renewing, supplementing, for refreshing in the intellectual sense. "

What do we learn for? How do we learn best? What content is important?

We do not learn for good grades, the parents, the teacher but for life!

Walter Berger

Taschengeld Management (Pocket Money Management) was founded in 2007 as an educational initiative for basic financial education.
The question was and is: How can we impart understandable, relevant to everyday life and sustainably necessary basic financial literacy for daily life?
Since then games, books, game workshops, explanatory videos and webinars for students, career starters, young adults, families and immigrants to support sustainable basic education had been created.



Walter Berger is graduated in business administration (FH). He is an author, game inventor and holds game based workshops for financial education in Germany. Since 2015 he is certified trainer for consumer education (finance, insurance). In 2007 he founded Taschengeld Management, a education initiative for economic consumer education based in the south Germany.

Everyone should be adequately qualified to make economical useful choices in daily life“