The Money Charity is this week joining leading financial education organisations around the world to encourage young people to save money as part of Global Money Week 2015.
Last year more than 3 million young people were reached by the campaign, which aims to inspire children and youth about money matters through fun and interactive activities.
The theme for this year is ‘save today, safe tomorrow’, and during the week The Money Charity will be delivering 57 workshops to over 1,400 students in schools and colleges across the UK to help them understand more about vital topics such as savings, credit, and debt.
Since 2010, the charity’s free interactive, engaging workshops have reached more than 110,000 young people. With financial education on the national curriculum in England for the first time, demand has grown this school year – but due to limited and unstable funding, it also warns that it is having to turn interested schools away.
Bushara Awan, Head of Young People Programmes at The Money Charity said: “We’re delighted to once again take part in Global Money Week, joining groups in countries around the world in educating and inspiring young people about money.
“It’s crucial that every child has the knowledge, skills and motivation to manage their money. But in the UK at the moment financial education is under threat due to a critical lack of funding – despite the fact it’s now on the curriculum.
“We need a long-term, sustainable system of funding for financial education if we’re serious about helping the next generation to stay on top of their money.”
Global Money Week is initiated by Child and Youth Finance International, a global multi-sectoral network of organisations and individuals who are working towards economically empowering children and youth through financial inclusion, financial education, and livelihoods training. Banking associations, financial institutions, microfinance institutions, governments, international NGOs, multilateral institutions, foundations, strategic consultancies, corporations, and academic institutions from over 100 countries are partnered through the CYFI Network.
Through this global network of partners, CYFI aims to reach 100 million children and youth in 100 countries through high quality financial, social and livelihoods education and safe, reliable financial products by the end of 2015.