Virtual Money Works

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

Independently Assessed


2 X 4 hours or 4 X 2 hours

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.

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.

This course is a variation of our face-to-face Money Works programme.

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 Education - School Age

"A fool and their money is soon parted".

Nick Smith-Patel

Head of Education - Young Adults

"The question isn’t at what age I want to retire, it’s at what income.” [George Freeman]

Andy Small

Education Officer

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

Laura Mattson

Quality and Training Manager

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

Wendy Grace

Education officer

"The more you LEARN the more you EARN".

Laura Ellis

Regional Education Officer - South

"Having money shouldn't cost you".

Natalie Bartlett

Regional Education Officer- South

Facilitation Team

"Save money, and money will save you!"

Naomi Darling

Communications & Facilitation Officer

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

Jade Rowlands

Partnership Manager

"Money speaks every language in the world".

Kate White

Education Coordinator