The Money House
A directly delivered and accredited financial literacy programme aimed at preventing youth homelessness – Taking referrals on a continuous basis – Based in London, Glasgow and Birmingham
Format
Courses delivered during daytime both in person and virtually
Target Group
16-25 year olds in challenging circumstances
Group Size
5 – 10 young people
Our London Money House is changing!
We can currently offer a 2 or 3 day accredited delivery where we come to you. You (the host organisation) would provide a location and the young people (between 6-15 people), we would come to you and deliver the course.
Attendees can receive a Level 1 qualification in Money Management issued by SEG.
Email us at londonteam@mybnk.org
We are also offering an online, unaccredited 2 day Money House programme – register here!
This programme is to support young people who have already been referred but are waiting to complete the course or individuals wanting to complete the course. If you previously submitted regular referrals using a unique link, please do not submit a regular referral for these sessions.
Content
The Money House helps young people in, or about to move into, independent housing manage their money and maintain their tenancy. Participants gain practical, financial and digital skills to help them pay their rent on time, keep up with bills and budget their living costs. We explain how they can make informed choices about their future and teach them how to best manage their money, to prevent homelessness.
Sessions take place in a kitted out flat where our trainers teach real life skills for the real world. At The Money House there are no lectures or classroom environments. Interactive games and activities involve young people in every aspect of their learning. Our trainers are enthusiastic and empathetic, and it shows in the feedback we get from the young people who attend.
A virtual version is also available.
To sign up to an Introduction meeting where you can learn more about The Money House and hear from one of our Trainers, please click here.
We cover:
- Tenancy agreements – rights & responsibilities and cost of moving in
- Avoiding eviction – paying household bills and rent on time
- Banking – accounts, saving, credit cards and how to borrow safely
- Budgeting and spending habits – consumer rights
- Benefits – entitlements & Universal Credit
- Energy Efficiency – coping with rising living costs
Impact:
- 32% reduction in young people failing to keep up with priority payments
- Up to £2.92 social value for every £1 spent
- Less than 2% of attendees have faced eviction
Eligibility
16–25-year-olds that could benefit from financial knowledge and skills, and how to maintain current or future tenancies (e.g. care leavers/other young people in challenging circumstances)
Additional info:
- Travel and lunch is covered for each participant when onsite, or they are given a supermarket voucher for each day they attend online (upon completion)
- There is no cost for individual referrers, charities or young people who want to refer or take part in The Money House – we are already kindly funded by our corporate partners:
Case Studies
From opening a first bank account and trading in real markets, to moving out of care and into independent living, MyBnk’s financial education workshops pack a BIG punch!
“It set me on a path” – A teen's journey from bedsits to independence
"Small habits cost big" - Leaving Care
"It’s Making me Confident" - Becoming Independent
Impact After This Programme
54
Young people saving
35
Are now budgeting
3
Now have a current account
The Money House Team
"An investment in knowledge pays the best interest." - Benjamin Franklin
"Better spend an extra hundred or two on your son's education, than leave it him in your will." ~ The Mill on the Floss by George Eliot
