Teachers and youth workers play a crucial role in young people’s lives, often being the first port of call for information and advice that they’re more reluctant to ask their parents, guardians, or carers. This includes information about finance and money.
No matter what time of year, it’s always a great time to think about how we can help students develop strong financial skills. Financial education is essential as it helps young people make informed financial decisions that can positively impact their futures. And with the cost of living the biggest worry for over 50% of young people, there’s never been a more important time to help build the money skills, knowledge and confidence of the next generation.
At MyBnk, improving the financial literacy of young people is at the heart of what we do. We’re proud to partner with schools and youth organisations across the country to help teachers and youth workers provide their students with more opportunities to improve their financial knowledge and capabilities. We see first-hand that poor financial literacy is central to many problems young people face today, including rising mental health issues, homelessness and unemployment.
We understand the pressures on teachers and youth workers, and aim to alleviate this stress by sending our financial education experts into your organisations. Financial education is currently on the national curriculum at secondary age in England and also for primary age in other nations, but 3 in 4 teachers still feel that students leave school without key money skills.
We’re working to bridge that gap and are proud to have delivered our expert financial education sessions to more than 50,000 children and young people in 2023-24.
We have programmes available for ages 7-25, many of which are fully-funded by our generous funders and corporate partners. We now work across the UK, from hubs in London and the South, the Midlands, the North West, Wales, Northern Ireland and Scotland. See our full range of programmes.
Our sessions:
- Use age-appropriate resources. When teaching financial concepts, it’s important to use resources that are appropriate for the age of the students we deliver to. With references to current events and popular culture, we also offer great resources available to young children, teenagers, and young adults.
- Make finance fun. Financial education doesn’t have to be boring! We incorporate games, activities and challenges in our sessions to teach financial concepts, making financial education fun and engaging for students.
- Involve parents and carers. Parents and carers play an important role in their children’s financial education, so we also have online resources that encourage them to get involved in financial education activities at home.
- Have an impact. After our programmes, 2/3 of 7-11 year olds started a money goal, 74% of teenagers kept closer track of money and 60% more young adults had savings.
At MyBnk, we believe the language of money is a language for life. Our aim is to equip young people and adults with the knowledge and skills to improve their financial fluency and make informed decisions that will positively impact them now and in the future.
Financial education is an important part of a well-rounded education. By working with MyBnk, teachers and youth organisations can help ensure that all young people have the financial skills they need to navigate their money with confidence, no matter where they started.
And the results of our programmes speak for themselves. Our 2023-24 Impact Report revealed the following:
- Primary (5-11 year olds): 78% of primary school learners said they now understand that what they do with their money today can make a difference to their future.
- Secondary (11-18 year olds): 76% said that they intend to have a more detailed conversation with their parents or carers about the costs of being a university student.
- Young Adults (18-25 year olds): 93% of learners said they will now start a new savings habit as a result of their programme and 98% said that the MyBnk trainer was either excellent (77%) or good (21%).
If you’re a teacher or youth worker who is interested in learning more about how MyBnk can help you teach financial education, you can request a session by filling out a quick form.
