Money Minds financial education programme launched
Yorkshire Building Society has launched an innovative new financial education programme to be delivered by colleagues in schools across the UK.
Money Minds is a free programme consisting of a series of activities and projects designed to promote discussion and learning among children and young people aged five to 19 of all abilities.
Andy Caton, Yorkshire Building Society Chief Corporate Affairs Officer, said:
Learning how to effectively manage finances is a vital life skill.
Understanding things such as the likely costs of a bank account or loan and being able to make informed choices will help people avoid financial problems.
We’re committed to supporting schools in teaching financial education and hope that our Money Minds programme will help to improve financial capability in the UK.
Examples of the themes covered as part of Money Minds include keeping money safe for children aged five to seven, planning a party to learn budgeting skills for those aged eight to 11, up to calculating interest and responsibilities to repay loans for older children.
The activities seek to build decision making skills, team working abilities and practical maths knowledge as well as financial literacy.
They are delivered by Yorkshire Building Society colleagues as part of the mutual’s award-winning corporate volunteering scheme, which allocates each employee 31 hours’ paid leave every year to carry out volunteering in local communities. Each Money Minds session is delivered in conjunction with a classroom teacher and each colleague completes a Classroom Ethics and Safeguarding Awareness course prior to taking part.
More information about Money Minds can be found at ybs.co.uk/moneyminds