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 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 The Money House 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

"Tell me and I forget, teach me and I may remember, involve me and I learn."

Lee Moore

Lead Programme Trainer - Midlands

Money doesn’t grow on trees but if it did you’d plant the seeds

Lizzy Wilson

Lead Programme Trainer - Scotland

"An investment in knowledge pays the best interest." - Benjamin Franklin

Madeleine Marcateus

Area Manager - London and East

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

Carl Clarke

Lead Programme Trainer - London

"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

Scotland Area Manager- Scotland and Northern Ireland

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

Sally McLachlan

Midlands Manager

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

Wayne Jordan

Programme Delivery Manager - London

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

Nadia Lamaani

Programme Trainer - London

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

Tekisha Henry

Programme Assistant

“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