Virtual Money Works

A live interactive financial education and digital skills programme for
young adults moving into independent living

Independently Assessed


2 X 4.5 hours or 4 X 2 hours and 15 minutes

Target Group

16-25 year olds

Group Size

3-10 young people

Information Sheet PDF



Young people living on their own, or about to, are often in need of survival money management skills and actions they can implement immediately.

Online and in real-time, these live, secure and expert-led virtual lessons help them directly confront their money worries.

Sessions cover:

  • Budgeting and Household Costs: Attitudes towards money, needs & wants, cutting back, budgeting, reading bills and household costs.
  • Your Income: Sources of income, wage slips, tax & NI, benefits, Universal Credit and sanctions.
  • Banking and Being Informed: How banks work, savings and current accounts, interest, forms of payment and choosing an account.
  • Borrowing and Debt: Forms of borrowing, credit history, debt consequences and prioritisation.

A direct in-person and online version is also available.

Virtual Money Works has a strong focus on embedding digital skills. By delivering online, we increase young people’s access to and use of digital tools to manage their money. Their increased confidence and new abilities help motivate them to make practical financial decisions and plan for their future.

Other topics cover: finding information, shopping around, accessing financial services, checking credit scores and online banking. Virtual Money Works maps into a range of accredited life skills, money management and employability certificates.

Young people attending the programme can also qualify for a Level 1 Personal Money Management accreditation – and in Scotland an SQA Level 4 Unit Award.

MyBnk - Finanical Education - Funded Sessions

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


Drop in average debts


Increase in regular saving


Increase in life satisfaction

Education Team

“Don’t let making a living prevent you from making a life.” – John Wooden

Fiona Montgomery

Head of School Age Education

"A fool and their money is soon parted".

Nick Smith-Patel

Head of Young Adult Education

"Never confuse the size of your paycheck with the size of your talent".

Laura Mattson

Quality & Training Manager

“The tragedy of life doesn’t lie in not reaching your goal. The tragedy lies in having no goal to reach.” —Benjamin E. Mayes

Kate Entwistle

Education Officer

"If money go before, all ways do lie open" (Shakespeare)

Emily Weldin

Education Officer

"There are people who have money and people who are rich". [Coco Chanel]

Wendy Grace

Education officer

Andreu Quintana

Regional Education Officer - Scotland

"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 Education Officer - Scotland

"The more you LEARN the more you EARN".

Laura Ellis

Regional Education Officer - South

Facilitation Team

"If money is the sea, learn to ride the waves".

Jade Jennings

Partnership Manager

"Your future depends on what you do today" - Mahatma Gandhi

Sylwia Szymanska

Education Coordinator