The 92 Foundation has launched its #WordsThatCount campaign to provide financial education to young people over 14, alongside Experian and the National Literacy Trust.
The Financial Inclusion Program, which was piloted over the summer, will take participants to a 10-week course teaching them life skills such as money management, budgeting, bill payment, ISA accounts and debt implications, among other important financial topics.
The Tailored Program for the 92 Foundation was designed to support young people who may not have had access to some of these lessons aimed at supporting them as they begin to start managing their finances.
Tom Hutton, Director of Foundation 92, said: “After an extremely successful pilot program this summer, we are delighted to continue working with Experian on this project. We were able to provide 40 young people with financial literacy skills that are invaluable to their development.
“Along with the National Literacy Trust who helped us make this project happen, we look forward to continuing the rollout across the region on an extremely important topic. “
Each rotation will take 40 students and the program will last a total of 10 weeks. The courses will be delivered in collaboration with the National Literacy Trust.
The program will ensure that the young participants will develop the skills, capacities and confidence necessary to lead financially inclusive lifestyles.
Participants will have an engaging educational experience that will track key themes such as budgeting, disposable income, savings, and interest. It will also delve into the importance of debt, credit scores, forecasts and loans.
Colin Grieves, Managing Director of Marketing Services at Experian, said: “It’s great to work with the 92 Foundation and the National Literacy Trust after a successful pilot period. We are committed to improving the financial lives of young people. This age group has been hit hard by the effects of COVID-19, so it is essential that we provide them with the support they need to help them succeed and avoid the long-term issues associated with financial hardship, such as poor mental health. . “
Jonathan Douglas CBE, Managing Director of the National Literacy Trust said:
“Advances in technology mean that more often than not we are now managing our money on our own. However, there has not always been the support available to give young people the knowledge and tools they need to manage their finances with confidence.
“The pandemic has also left too many young people insecure about their financial future, but we hope that through these free courses they will at least have a foundation of essential skills that will serve them throughout their lives. Our thanks to Experian and the 92 Foundation for pushing Words that Count beyond the pilot and helping us deploy it more widely. The project will have a positive and lasting impact.