MyBnk - Financial Education - Money Mechanics

Money Mechanics

A ground-breaking financial education programme aimed at boosting the financial capability and inclusion of young Deaf and blind people in the UK

Format

Three education programmes per cohort, training and free resources

Target Group

11-25 year olds

Group Size

5- 15 young people

Information Sheet PDF

Coming soon

Our offering

Specialists and young people have created a range of programmes, training and free resources to teach young people with sensory impairments how to budget, bank and borrow safely, run their own enterprise, understand the cost of university and access services in their first language.

Over 13 months MyBnk and the Royal Association of Deaf people (RAD) delivered the Money Mechanics suite to over 500 young people to test and refine the programme offering – you can see how we created Money Mechanics and its outcomes in our Impact Report.

New! Together with the Thomas Pocklington Trust we have created ‘Student Dosh‘ to help young people with sight impairments manage their money at university

Our programmes & training

Using MyBnk’s tried and tested programmes as a base we created three distinct interventions to build financial capability, provide a practical enterprise experience and prepare students for university. These were adapted to be accessible and refined with young people.

Sessions for young Deaf people are delivered by RAD – to book please contact info@royaldeaf.org.uk. Training for sight impaired delivery is provided by MyBnk in financial knowledge, making financial capability fun and engaging, understanding resources and the opportunity to see sessions in action – to book please contact info@mybnk.org.

Programme topics below may vary per cohort. Free resources can be found at www.moneymechanics.org.

Case studies

Deaf:

Sight Impaired:

MyBnk - Our Work - Financial Education - Money Mechanics programme

Money Smart

A financial education programme aimed at 11-25 year olds focusing on public and personal finance.

Topics include:

  • MyBnk - Our Work - Financial Education - Money Mechanics - Money SmartFeatures of UK banknotes.
  • Where does money come from?
  • What is money?
  • Risk.
  • Access to work.
  • Fraud & gambling.
  • Careers.
  • Budgets.
  • Tax & National Insurance.
  • Calculating income tax.
  • Pensions & auto enrolment.
  • Tax and the ‘Bigger Picture’.
  • Government budgets.
  • Needs vs Wants.
  • Bank accounts.
  • Savings & investments.
  • Borrowing.
  • Online scams and safety.
  • Minimum wage.
  • Identifying bank notes & coins.
  • Accessible pay slips.
  • Shopping Challenge: Identifying the best deals.

 

 

Business-in-a-Box

An enterprise education programme aimed at 11-25 year olds. Focuses on employability and soft skills. Participants gain a practical experience of running their own social enterprise by learning how to sell exclusive ethical products in their community.

MyBnk - Our Work - Financial Education - Money Mechanics - Business-in-a-BoxTopics include:

  • Social Enterprise.
  • Skills & Team building.
  • Roles & Responsibilities.
  • Sales Strategy.
  • Price & Profit.
  • Sales Pitch Preparation.
  • Sales Pitch Presentations.
  • Group Presentations.
  • Skills Mapping.
  • Using your skills.
  • Employability skills.
  • Enterprise skills.

 

Student Dosh

A financial education  programme aimed at 16+ year olds. Focuses on student finance and independent living costs.

Topics include:

  • MyBnk - Our Work - Financial Education - Money Mechanics - Student DoshStudent finance and repayment, part-time jobs and tax, bursaries, grants and
    scholarships.
  • University start-up, shopping challenge, lifestyle budget, average student costs.
  • My Bank Balance: Student bank accounts, overdrafts, forms of payment, statements, debit and credit cards.
  • Your Money: Real life stories, action plan, useful websites, tools and tips.

Our free resources

Our teams also created a range of standalone online resources which can be accessed by education practitioners at www.moneymechanics.org.

These include:

  • Sight Impaired – 13 audio financial education podcasts made with young people. A hip Hop Tax money mantra tune. Government Spending and banking information printed in braille.

MyBnk - Our Work - Financial Education - Money Mechanics Free Resources Sight

  • Deaf – The UK’s first ever visual British Sign Language jargon buster money dictionary.