ONLINE financial education is offered to teachers and students in Warrington by the Yorkshire Building Society.
New research by the company has found that nearly 89% of 11-18 year olds in the North West have little or no knowledge of money management, or nearly nine out of 10.
The company has expanded its existing financial education program by launching Money Minds online, aimed specifically at children and young people.
Warrington teachers and students are encouraged to use the new platform to improve their financial capabilities.
Only around a third of 11-18 year olds surveyed say they have learned about finance in school, despite it being part of the secondary school curriculum in a bid to help more students learn earlier.
Nicola Deavall, branch manager at the Yorkshire Building Society in Warrington, said: “We know that learning to manage finances effectively is a vital life skill. Our research has shown that too many children in the North West have limited knowledge about money management and financial matters. We really want to engage teachers, children and young people in Warrington to improve financial education.
“We developed Money Minds Online as part of our goal to help real life happen. We are committed to contributing to the financial well-being of our communities and believe that starts with laying the right foundation for our youth to understand money, finance and careers. Ultimately, we want to improve financial capability in the northwest. »
The Money Minds online platform is free and has been developed with education design specialists, teachers and students to ensure it meets the educational needs of children and young people who use the platform. -form and teachers who provide its supports.
It offers a diverse range of media, ranging from games, videos and animations to engage students from Key Stages 3-5, as well as lesson plans and teaching materials available for teachers to download, as well as materials for parents and guardians on a variety of topics so they can help students learn at home.
In addition to financial education, the site also offers lessons in career development skills such as resume writing and interview techniques to help prepare older children and young people for employment.
This is part of the Company’s commitment to invest £1.8m over two years (2021/22) to support skills, jobs, financial literacy and wellbeing.
As well as Money Minds online, Money Minds courses for primary school children aged 5-11 can be delivered in schools by colleagues from the Yorkshire Building Society as part of their award-winning corporate volunteering scheme, which provides each employee with 31 hours of paid leave each year to volunteer in local communities.
Topics range from saving money for five- to seven-year-olds, planning a party to building budgeting skills for eight- to 11-year-olds, to calculating interest and responsibilities to repay older children’s loans.
Since the company launched Money Minds in 2015, over 35,000 children in the UK have benefited from a lesson.
For more information on Money Minds, visit www.ybsmoneyminds.co.uk