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 and enterprise experiences pack a BIG punch!

“I’ve pawned my iPad for loans and haven't a clue how much I've to repay - Bills

Money Twist - Hounslow Leaving Care - Julie, 18

Just four months since leaving care, single mother Julie is living on her own for the first time. She is already in debt....

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"I thought I was spending a lot less than this" - Cutting back

Money Works - City Gateway - Same 24

When Sam took part in the MyBnk “Demotivator” activity, which works out cumulative spending on a regular item, he found out he was spending £1,200 a year on clothes alone.

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"I was desperate, I didn't look at the terms" - Getting out of Debt

Money Works - Tower Hamlet's Young Parent Group - Kraysha, 23

Single parent 21 year old Chloe took out a £65 pay day loan as a drastic measure to buy nappies. A year later and she is still paying off the loan.

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"I spend £5,000 a year on shoes, it can't go on" - Young mothers plan for their future

Money Works - Redbridge Leaving Care - Anna Kaye & Anna, 19

Like all young mothers, Anna-kay and Emma worry about providing for their children. We identified poor financial decisions and helped them to better manage their finances.

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"I’ve never done a budget before, but now I will" - Managing and aiding the transition

Money Twist - Harrow Leaving Care & Unaccompanied Asylum Seekers

Keeping track of spending is one of the hardest things about staying solvent, secure and stable. Here, MyBnk were coming at just the right time.

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