MyBnk’s survival money management programme, Money Works, has won the Leaving Care Award from the leading sector magazine, Children & Young People Now.
We were recognised as providing the UK initiative that has done the most to help young people leaving the care system make a smooth and successful transition to adulthood by supporting their accommodation, health, housing, and training and employment needs. Read the judges comments, here.
MyBnk was also commended for providing a project where young people have played a key role in planning their independent living – our Youth Advisory Panel.
Huge thanks to our funders, City Bridge Trust, Comic Relief, John Lyon’s Charity, People’s Postcode Lottery, ING Commercial Banking, and the Dulverton Trust, who have supported us in delivering this amazing project to 30 Leaving Care and Looked After Children’s Teams and charities like Barnardos and the Who Cares Trust.
Launched in 2008, Money Works is our intervention style survival money management programme consisting of four workshops: Banking, Budgeting, and Borrowing.
In small groups of 6-15 we use interactive activities, debates and story sharing to empower young adults to confront their worries and bad habits around money – ultimately breaking down the barriers to independent living and supporting those trapped in debt or struggling with costs. Young people translate this into actions – steps they can take to gain control of their money, and ultimately improve their financial situation, ensuring that finance is not a barrier to their aspirations.
Money Works sessions also act as a forum for questions/discussion. Clearing up money misconceptions, exploring money issues affecting them, and getting information they have been unable to obtain.
To request a funded session for your young people, visit our programmes page.
Photo: MyBnk Education Project Manager, Aisling Cohn (c).