The final Days of Learn Money Week saw attention turn to the markets of London’s iconic Camden Town and MyBnk’s biggest ever one day money marathon at a single school.
On Day Six, MyBnk’s experts took enterprise education to the streets as teams from City & Islington College took their products to market in our Business Battle programme. they doubled their money making nearly a £100 from MyBnk interest free loans. As well as gaining valuable experience in their first enterprise outing, they learnt how to budget and cost out a project by doing it for real. Winning loan application teams from Bishop Chandler’s Catholic School also started their enterprise journey as we began turning their business ideas into a reality.
“I’m doing a business course BTEC and during the MyBnk session I’ve learnt about team work, it was a chance to try something new and be creative. We had a look at budgeting and our team took out a £44 loan. These skills are important for use in the future, I want to have my own business, either a salon or nursery. I’ll be going to college and university to achieve this. I’ve enjoyed the MyBnk session but I wish we had more than one day for the market stall so we could make even more profit!” Farzana, 15.
Our experts where also on hand to help 650 11-14 year olds at the Jewish Community Secondary School and Tower Hamlets Pupil Referral Unit understand the origins of capital and how it flows between institutions by discovering the history and features of money, forms of payment and currency & exchange rates. The Money Twist project also examines budgeting, youth employment, minimum wage, needs and wants, risk and saving.
“It’s important for young people to learn about this so they aren’t clueless when they’re older and won’t get into debt, this can help them avoid it. I’ve learnt about the security features of bank notes today and I enjoyed the session, especially learning the history of money.” Noah, 13, Jewish Community School.
That is a wrap folks for Learn Money Week 2014, stay tuned for the winners of the A to Z of money competition and a worldwide roundup.