In the current times of economic turbulence and market shortcoming, where the majority of EU citizens are struggling to manage the financial challenges they face, a real life need for the development of their financial literacy competencies has been identified. These would allow people to understand the mechanics of the economy and the market, how to deal with daily financial issues, and protect them from slipping in to extremely negative situations. Moreover, the current project directly and indirectly will promote the digital numeracy, language, reading, collaboration and communication Skills of financial disadvantaged young EU adults (18-35). The eFinLit will develop an online educational platform which will encompass social networking tools, online games, data bases, and a training packages of online self-regulated modules, which will also be available through mobile platforms. The proposed online training modules to be developed (covering each one of them 2 ECTS - 50 -60 hours of study/work/play) are: 1. Digital Literacy and Access to Financial Information 2. Basic Maths 3. Budgeting 4. Savings 5. Indebtedness 6. Credit and Loans 7. Consumer Rights 8. Investment and Entrepreneurship 9. Glossary The specific objectives of the project are: • Identify and address specific needs of EU citizens in financial literacy • Utilize ICT tools and digital literacy to improve EU citizens’ competencies in dealing with financial issues • Develop a partnership model of a wide range of expert organizations in the fields of training, online learning and literacies • Address the challenges of financial management generated by the current economic transformations taking place in EU • Meet the basic objectives of EU 2020 strategy such as social cohesion through digital literacy The project aims to reach out: • At least 30 stakeholders per partner country to participate directly in the project development • More than 20000 EU citizens will be informed during the project about the eFinLit Platform and access the online tools of the project • More than 20 000 organizations and institutions will be informed about the eFinLit Platform and be provided with specific guidelines to integrate it in their normal financial information and training The consortium of the eFinLit is consisted from 8 partner from 7 different EU countries; partner come from a wide range of backgrounds including training centres, family care centres, research and development centres, and SMEs. The eFinLit is in full alignment with the priorities, objectives and aims of the ERASMUS+ Strategic Partnerships call for Adults as it envisions in adults up-skilling and provision of transversal skills, provide access to Open Educational Resources based on ICT, link adult education with higher education (ECTS), carry awareness campaigns, and promote validation, accreditation and certification for adult training.