Today, Rowan class were joined by MyBnk to talk about money matters! The children found out some important facts about money habits in the UK.
For instance, did you know that the people of the UK combined, which includes, Scotland, Wales, England and Northern Ireland spend over 1.2 trillion pounds in a year? That equates to 6 million high end sports cars such as a Ferrari or a Lamborghini.
Together with young people, MyBnk create and deliver innovative, high-impact and high-energy financial education programmes. Their experts help to build young people’s money knowledge, skills, mind-sets, and habits at key transitional moments. Two thirds of our work is with young adults in vulnerable circumstances focusing on ‘survival’ money skills for independent living.
Many of their programmes are free or funded and can be delivered either directly in-person, virtually via secure video link or as online courses. MyBnk reaches 32,000 young people a year and has the UK’s strongest evidence base on the impact of financial education. This experience is shared with civil society and via consultancy services for other organisations.
After an introductory presentation, the children took part in some money related workshops to find out a little bit more about our own money habits. Are we savers or are we spenders? What about you? Are you a saver or a spender?
We took some pictures of todays workshop, which can be seen in the gallery below. We would like to take this opportunity to thank Rita and MyBnk for spending some very interesting and informative time with us all today and we look forward to seeing her again.
These financial education workshops help form positive habits like saving and delayed gratification, connect the dots between public and personal finance and arm young people with practical money skills.
This teaches them how to navigate the system and make informed decisions. Topics range from budgeting, banking and borrowing to student finance, tax and pensions.
You can find out more about MyBnk by visiting their website. Go to: https://www.mybnk.org/
We took some pictures of our financiers in action during the workshops, which can be seen in the gallery below. Please click on the thumbnails for a larger view.