This year’s Talk Money Week looks a little different to our celebrations 12 months ago. But the show goes on!
Running from 9-13th November 2020, the UK awareness initiative, run by the Money and Pensions Service (MaPS), aims to kickstart conversations on budgeting, banking, saving and pensions.
From London and Scotland to Liverpool and Southampton, MyBnk will be supporting the drive to promote and improve financial wellbeing for 5-25 year olds, creating a platform for parents, teachers and youth workers to get involved.
On the frontline MyBnk is bringing money to life with virtual financial education workshops for nearly 1,000 young people in 14 schools and youth organisations. Using games and high energy activities we will tackle money mindsets, debt and independent living.
We also have a range of online courses and tools available to ensure no young person misses out on their financial education in these challenging circumstances.
Look out for more financial education news throughout the week via our social media channels.
Ambassadors
Going one step further are our young ambassadors at schools in England who are running their own MyBnk inspired quizzes, games and activities across their year groups.
Members will help fellow students think about their attitudes and values towards money and set challenges to help them save and spend wisely.
Participating schools include: Wingfield Primary, Haberdashers’ Aske’s Slade Green Temple Grove Primary, Walthamstow School For Girls and Noadswood School.
A huge thanks to all our funders including KickStart Money, the Quilter, Berkeley and JP Morgan Chase Foundations, L&Q and Pimco.
National Strategy
The initiative is also part of the UK Strategy for Financial Wellbeing, launched by MaPS in January 2020, which has ambitious ten-year goals to help everyone make the most of their money and pensions
Independent evaluation by MaPS has shown that after MyBnk’s intervention, 2/3 school students work towards a savings goal – double the national average of 34%. Young adults debts drop on average 60% – compared to control groups who see average debts grow by 50%.
