Money Works is a financial and digital skills programme for young adults moving into independent living to confront their money worries. Young adults living on their own, or about to, are often in need of survival money management skills and actions they can implement immediately.
Sessions cover:
💷-Budgeting and Household Costs
Attitudes towards money, needs & wants, cutting back, budgeting, steps after move in, reading bills, household costs.
💷-Your Income: Sources of income, wage slips, tax & NI, benefits, universal credit and sanctions.
💷-Banking and Being Informed: How banks work, savings and current accounts, interest, forms of payment, choosing an account, understanding contracts, understanding tenancy agreements.
💷-Borrowing and Scams: Forms of borrowing, credit history, debt consequences & prioritisation, staying safe with money, understanding what money muling is.
Money Works has a strong focus on embedding digital skills. This includes; increasing the access, use, skills, confidence and motivation of young people using digital tools to manage their money, make financial decisions and plan for their future. Other topics cover: finding information, shopping around, accessing financial services and benefits, managing money, staying safe online, digital footprints, checking credit scores, online banking and payments and staying safe from scams.