Foundation 92 has launched its #WordsThatCount campaign to deliver financial training to young people over age 14, alongside Experian and the National Literacy Trust.
The financial inclusion programme, which was piloted in the summer will take participants on a 10-week course teaching them life skills such as money management, budgeting, paying bills, ISA accounts and the implications of debt amongst other important financial topics.
The programme which is bespoke for Foundation 92 has been crafted to support those young people who may not have had access to some of these lessons aiming to support them as they begin to start managing their finances.
Tom Hutton, Head of Foundation 92 said: “Following a hugely successful pilot programme in the Summer we are delighted to continue working with Experian on this project. We were able to provide 40 young people with financial literacy skills which are invaluable for their development.
“Alongside the National Literacy Trust who helped us deliver this project we are looking forward to continuing the roll out across the region on a hugely important topic.”
Each rotation will take on 40 students and the programme will last for a total of 10 weeks. The classes will be delivered in conjunction with the National Literacy Trust.
The scheme will ensure young individuals taking part will develop the necessary skills, abilities, and confidence to lead financially inclusive lifestyles.
Participants will undergo an engaging education experience which will follow key themes such as budgeting, disposable income, saving and interest. It will also delve into the importance surrounding debt, credit scores, forecasting and loans.
Colin Grieves, Managing Director of Marketing Services at Experian, said: “It’s great to work with Foundation 92 and the National Literacy Trust following a successful pilot period. We are committed to improving the lives of young people’s financial health. This age group have been heavily impacted by the effects of COVID-19 so it is essential that we provide the support needed to help them succeed and avoid long-term problems associated with financial difficulty, such as poor mental health.”
Jonathan Douglas CBE, Chief Executive of the National Literacy Trust said:
“Advances in technology means that, more often, we are now managing our money ourselves online. However, there hasn’t always been the support available to give young people the knowledge and tools they need to manage their finances confidently.
“The pandemic has also left too many young people feeling insecure about their financial future, but we hope that, through these free courses, they will at least have a foundation of essential skills that serve them throughout their lives. Our thanks to Experian and Foundation 92 for taking Words that Count beyond the pilot and helping us to roll it out more widely. The project will have a positive and lasting impact.”