Finlit (MD)

School: IPLT "Dimitire Cantemir"
Website: https://finlitai.webflow.io

Finlit: Empowering young adults financial literacy.

Financial literacy is an important ability that is frequently undervalued in a society that is increasingly dominated by technology, especially among young adults between the ages of 18 and 40. While financial accounting apps can be used to track transactions, they don't actively instruct users in money management. This knowledge gap served as the impetus for the development of Finlit, a ground-breaking software that uses technology to advance the Sustainable Development Goal (SDG) of Quality Education (SDG 4) by fostering financial literacy.

Finlit is a personal financial literacy assistant in your pocket, not just another financial tracking app. Our software is designed specifically for teenagers and young adults, giving them the resources they need to become financially educated and make wise financial decisions. It features an AI assistant, an expense tracker, income management, and financial planning assistance.

Influence on UN SDGs:

Finlit supports SDG 4 on Quality Education by providing a user-friendly platform that instructs young individuals in money management. We want to empower people to make better financial decisions, which will ultimately lead to financial stability and an improved quality of life, by addressing financial illiteracy at a critical juncture in life.

Sustainable Development Goals:
By encouraging financial literacy among teenagers and young adults, Finlit directly supports SDG 4. It offers easily accessible and useful financial management education, teaching users useful skills that will help them throughout their lives. Finlit assists people in making wise financial decisions, thereby raising their quality of life, through developing financial literacy and promoting responsible financial conduct. Also, it's important to notice that economic development and job creation depend critically on financial literacy. Finlit supports SDG 8 by providing young adults with the information and resources they need to manage their money well. People are more likely to make good financial decisions, make wise investments, and contribute to economic growth and stability when they have a firm grasp of financial principles.