Format
2 X 4 hours or 4 X 2 hours
Target Group
16-25 year olds moving into independent living
Group Size
6-15 young people
Content
Money Works is a financial and digital skills programme for young adults moving into independent living to confront their money worries.
Sessions cover:
- Budgeting & Habits: Attitudes towards money, needs & wants, cutting back, budgeting, sources of income.
- Being Independent: Wage slips, tax & NI, benefits, universal credit, steps after move in, reading bills, household costs.
- Banking: How banks work, savings and current accounts, interest, forms of payment, choosing an account.
- Borrowing & Beyond Today: Forms of borrowing, credit history, debt consequences & prioritisation, looking forward, setting goals.
Young adults living on their own, or about to, are often in need of survival money management skills and actions they can implement immediately.
Money Works has a strong focus on embedding digital skills. This includes; increasing the access, use, skills, confidence and motivation of young people using digital tools to manage their money, make financial decisions and plan for their future.
Other topics cover; finding information, shopping around, accessing financial services and benefits, managing money, sharing, swapping & selling, staying safe online, digital footprints, checking credit scores and online banking and payments.
Combining digital literacy with money management is a powerful and liberating prospect for those who find themselves waiting on payday or punished by late fees.
Accreditation
Money Works maps into a range of accredited life skills, money management and employability certificates. Young people attending the full programme can also qualify for a Level 1 Personal Money Management accreditation – SQA Level 4 Unit Award in Scotland.
Winner of the Children & Young People Now Leaving Care Award.
MyBnk Cancellation Policy: Cancellations and changes made to scheduled deliveries incur costs to MyBnk. Any changes made less than two weeks in advance will result in a £100 or, if less than three working days, £250 charge per MyBnk trainer. Full Terms & Conditions here.
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!
"It makes maths real!" Improving teens numeracy skills by understanding investment
"I'm getting them on this course!" Single mother Chantel, 19, takes control of her finances, and her future
"Learning to live independently taught me I had worth" Leaving care and dodging bankruptcy
Impact After Our Programmes
60
Drop in average debts
23
Increase in saving regularly
28
Increase in life satisfaction
Education Team
“Don’t let making a living prevent you from making a life.” [John Wooden]
"I want young people to understand things like APR as much as they understand LOL".
"The question isn’t at what age I want to retire, it’s at what income.” [George Freeman]
"Never confuse the size of your paycheck with the size of your talent".
"There are people who have money and people who are rich". [Coco Chanel]
"The more you LEARN the more you EARN".
"Having money shouldn't cost you".
Facilitation Team
"Save money, and money will save you!"
"If money is the sea, learn to ride the waves".
"Money speaks every language in the world".
