Financial Education: Money Works
Money Works is a four-part programme for young adults moving into independent living to confront their money worries. Winner of the Children & Young People Now Leaving Care Award. Free for vulnerable young adults. Read more
Format: 2 X 4 hours or 4 X 2 hours.
Target Group: 16-25 year olds moving into independent living.
Group Size: 6-15.Request a session
Money Works is delivered to groups such as those not in employment education or training, supported housing residents, young people leaving care , young parents and those on employability programmes.
- Budgeting & Habits: Attitudes towards money, needs & wants, cutting back, budgeting, sources of income
- Being Independent: Wage slips, tax & NI, benefits, universal credit, steps after move in, reading bills, household costs
- Banking: How banks work, savings and current accounts, interest, forms of payment, choosing an account
- Borrowing & Beyond Today: Forms of borrowing, credit history, debt consequences & prioritisation, looking forward, setting goals
Young adults living on their own, or about to, are often in need of survival money management skills and actions they can implement immediately. Some of these young people also have low self-confidence around money management, so the Money Works programme contains a strong element of challenging negative attitudes, building self-belief and aspirations to move forward financially.
Tailored specifically to the target group and exploring personal money experiences, together we identify young people’s misconceptions and bad financial habits – ultimately breaking down the barriers to independent living and supporting those trapped in debt or struggling with the costs of living.
Money Works combines activities, discussions, lots of examples, personal experiences and story sharing. The content of the sessions is flexible to respond to learners’ needs and circumstances.
Youth engagement charity, Rathbone & Hackney Council ran a Money Works for young NEETS. Trishauna, 16, said:
“I enjoyed learning about how not to get into debt. Something I want to start doing now is making my own money – I will always save.”
The Money Works programme maps into a range of accredited life skills, money management and employability certificates. Young people attending the full programme can also qualify for a Level 1 Personal Money Management accreditation.
MyBnk Cancellation Policy: Cancellations and changes made to scheduled deliveries incur costs to MyBnk. Any changes made less than two weeks in advance will result in a £100 or, if less than three working days, £250 charge per MyBnk trainer. Full Terms & Conditions here.