Learning how to spend money responsibly is not easy. We have been there and some of us might still have issues with it (impulse purchases, anyone?). Three women, however, have taken on the challenge to “spearhead financial literacy in CEE”. Founded in 2011, Three Coins made it their goal to avoid the financial traps that could potentially ruin a young person’s life.
CEO Katharina Norden Photo: Three CoinsCEO Katharina Norden and her team have made use of modern social learning tools – games. They started out with “Kicked Out!”, originally planned as a Facebook game to educate youngsters and help them train their financial literacy skills, and are currently developing The Cure.
A few weeks back, Norden was invited to Fortune Magazine’s Most Powerful Women international meeting in London. The summit allows Europe’s most prominent women leaders to network, collaborate and learn from each other. And that’s exactly what Norden did.“As members of a young generation, we’re using our skills to lead an innovative venture based on our own ideas for society. We’re building our leadership on the unique qualities of strong women, we stay true to ourselves and stick to our mission. We lean in. Moving around in a full conference room of accomplished global leaders gave me a great push to carry on.”
The conference also inspired Norden to address women’s issues in the future.
“Women are more likely to co-sign and act as guarantors for consumer credits. More than often, a job-loss or a divorce causes these actions to become inevitable debt traps – a dynamic we observe to happen much more frequently for women, than for men.
Hence, at Three Coins, we see a clear calling for financial literacy interventions that speak a woman’s language. Watch out – this is going to be our next big project!”
Read more about her insights on Three Coins’ blog.