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Students Become Masters at Money Management

22nd March 2013 <b>Students</b> Become Masters at Money Management

Following 2012 success, Calderdale College and Barclays Money Skills in FE gives students the opportunity to improve financial skills

Students from Calderdale College are being given the opportunity to improve their financial skills, knowledge and confidence as part of Barclays Money Skills Week, a money management programme running across College on the theme of money skills.

During the week, which runs from 25th to 29th March, personal support tutors will be delivering Barclays Money Skills tutorial sessions. The aim of the week is to help students with:

  • Budgeting
  • Prioritising money
  • Saving money
  • How to deal with debt
  • Where to get financial advice

There is also a Top Tips competition, where students are asked to provide great money -saving tips. Students can suggest a top tip in one or all of the following categories: - ‘an evening out with friends’, ‘fashion on a budget’ or ‘living independently’.

The top three suggestions from each topic will be entered by the end of the week into a regional and national competition where students will have the opportunity to win an iPad 2 or trip to Barclays Headquarters in London.

In 2012, over 100,000 students participated in interactive money management activities based on topics of interest to young people such as food, fashion and independent living. Students that participated in 2012 demonstrated clear improvements in their money management skills, improved budgeting skills and were able to adapt their budgeting behaviour when prompted with a variety of financial scenarios.

Chris Jones, Principal at Calderdale College said: “Barclays Money Skills Week is a great initiative. It provides a fantastic opportunity for us to deliver money management sessions to young people at a crucial point in their lives, as they are planning to move away from home or to get a job. It is vital that we equip students with these skills to help them take charge of their future.”

Chris Hearn, Head of Education at Barclays, said: “Building on the success of the programme this year, we’re determined to help young people develop the skills they need in later life to manage money effectively. For young people living in the UK it has never been more important to learn these skills with the rising cost of university tuition and increased living costs. We are proud to be part of a scheme which gives young people the skills they need for a secure financial future.”

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