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Students Team up to Give Calderdale Residents a Money Management Makeover!

20th February 2014

A team of 16 to 24 year olds from Calderdale College have organised and delivered four sessions on How to Save Money - in your Home, on Valentine’s Day, Health & Fitness and Healthy Eating. The events took place on Wednesday 12th and 19th February in the One Centre at the College, as part of the local team’s involvement in Lloyds Banking Group’s Money for Life Challenge.

Calderdale College used the events as a fun and creative way for students to share their money management skills and build links with the local community by sharing innovative, grass-roots solutions.

The team ran the events to impress judges of the Money for Life Challenge, a national competition that provides a fun way for students in further education, work-based learning and community learning sectors, to develop money management skills and pass them on to their communities. The team is hoping that the event will help them reach the UK Grand Final in London on 15 May 2014 where they could win £2,500 for the registered charity of their choice.

Level 3 Business Lecturer, Ali Shah said: “Money management can be a tricky maze for anyone, and being good at managing your money is one of the most important skills that you’ll learn. So, whether you’re earning it, saving it or borrowing it, it helps to have some inside knowledge so you can make the best choices – right now and for your future.”

The Money for Life Challenge planning process started in September and October; all four teams have worked exceptionally hard and conducted in-depth market research, looked at the local area and decided exactly what is needed and picked relevant subjects to talk about to get all four proposals accepted. Both events went extremely well, the first event focused on Valentine’s Day, Healthy Living and Exercise and the second event focused on Growing your own Fruit & Vegetables and Health & Well-being.”

The subject matter and crowd ensured every single stall was a success and I hope that people will have a better understanding on how to spend their money more wisely. The Money for Life Challenge events were a brilliant way to pass on money management skills and hopefully the teams have done enough to win a place at the Money for Life Challenge UK Grand Final in May!” Continued Ali.

Level 3 Business student, Ehsan Shoukat from Halifax said: “This has helped me develop my planning, organisational, leadership and team work skills. I am sure this experience will help me in the future, especially when I apply for university.”

Level 3 Business student, James Magson, from Halifax said: “After several years in the Army, I have been able to put the skills I have learnt on my business course. I have also been able to develop new skills such as events organisation which will come in handy when I start my new business.”

David Rowsell, Head of the Money for Life Programme at Lloyds Banking Group said: “Money management is such a crucial skill and the Money for Life Challenge, now in its third year, provides hands-on financial experience for young people in the UK. The Challenge builds solid foundations for young people to hone financial capability skills, gain confidence and build links in their local community. I am so excited to learn all about the teams behind this year’s projects and watch them put their brilliant money management ideas into action.”

For more information on the Money for Life Challenge, please visit: www.moneyforlifechallenge.org.uk

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