Virtual Money House

A live online accredited financial literacy programme aimed at preventing youth homelessness – Taking referrals on a continuous basis for 16-25 year olds in or receiving help from the Royal London Borough of Greenwich, Newham, Lewisham, Tower Hamlets, Westminster or Haringey


4 days. Tuesday – Friday, 10.30am – 3.30pm

Target Group

16-25 year olds

Group Size

5-7 young people

Information Sheet PDF



Virtual Money House (VMH) is a live online accredited financial literacy programme aimed at preventing youth homelessness.

Young people living on their own, or about to, often need money management skills to help stay independent.

With us there are no lectures, no jargon, no judgements – just straight up, fun and easy-to-understand money tips and talk. This helps them become more confident about living on their own.

Our trainers are trained, tested, enthusiastic and near-peer, and it shows in the feedback we get from attendees – many of whom say: “I thought this was going to be boring”.

The Money House Youth Homelessness Report

These secure expert-led sessions take place on Zoom. Young people require a PC, laptop or smartphone with a working microphone, speaker, webcam and stable internet connection and a quiet environment. To substitute lunch provision, participants get a supermarket voucher at the end of the week.

A direct in-person version is also available.

See our upcoming open days.


Keeping your tenancy:

  • Tenancy agreements.
  • Avoiding eviction.
  • Household costs.
  • Choosing utility providers.

Aspirations and Independent Living:

  • Employability.
  • Boosting Income.
  • Benefits.
  • Money Habits.

Money Management:

  • Banking.
  • Borrowing.
  • Budgeting.
  • Debt.
  • Consumer Rights.
  • Money Safety.


Young people who are:

  • Living in or receiving help from the Royal Borough of Greenwich, Newham, Westminster, Lewisham, Tower Hamlets or Haringey.
  • In or eligible for social housing.
  • Leaving care, particularly those ready for move-on.
  • In a local authority housing pathway.
  • Not in education, training or employment.
  • Already in independent living with problem arrears.


To refer a young person contact Existing referrers can use their referral form or our online booking system.


  • Participants are three times less likely to have unsustainable arrears.
  • 64% drop in evictions for those at-risk. 45% reduction in young people incurring bank charges and missing bills.
  • Significant increase in financial confidence, safe borrowing and regular debt repayment.
  • Increases in financial inclusion and good money habits.
  • Landlords have reduced costs and secure more rent with fewer arrears.
  • Every £1 spent on TMH generates £3.36 in social value.

Data via Money Advice Service – What Works Fund 2018.

VMH is funded by
MyBnk - Our Work - Financial Education - The Money House - Funders

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 makes maths real!" Improving teens numeracy skills by understanding investment

“My Mind Has Been Blown!" - Shannon, 8, opens her first bank account and starts her savings journey

"Learning to live independently taught me I had worth" Leaving care and dodging bankruptcy

Impact After This Programme


Young people saving


Are now budgeting


Now have a current account

The Money House Team

“Beware of little expenses. A small leak will sink a great ship.” – Benjamin Franklin

Claire Quigley

Business and Engagement Director

"A fool and their money is soon parted".

Nick Smith-Patel

Senior Manager, Quality and Training

"I want young people to understand things like APR as much as they understand LOL".

Carl Clarke

Lead Trainer - The Money House

"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

Gemma Orr

Regional Partnership Manager Scotland

Do the best you can until you know better. Then when you know better, do better – Maya Angelou

Sally McLachlan

Regional Partnerships Manager - Midlands

Tope Chiedozie

Lead Trainer - The Money House

"Take care of the pennies and the pounds take care of themselves!"

Wayne Jordan

Senior Trainer - The Money House

"Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you”. [Maya Angelou]

Natasha Gray

Pastoral Support Lead/Training Assistant - The Money House

"MyBnk is more than just a job. It's a lifestyle!"

Nadia Lamaani

Training Assistant - The Money House

"A wise man once said the best thing money can buy is financial freedom".

Tekisha Henry

Training Assistant - The Money House

“Spend your money on the things money can buy. Spend your time on the things money can’t buy.” - Haruki Murakami

Eloise Cook

Training Assistant - The Money House

"If you want to be wealthy, think of saving as well as getting".

Jade Edwards

Partnership Manager - The Money House

“ The same way every acorn has the essence of a tree, you have the essence of success".

Seraye Delnissaw

Project Coordinator - The Money House