Schools across the UK will be taking part in My Money Week 2021 from 14th June to 18th June!
My Money Week is a national activity week run by financial education charity Young Money and supported by Santander, which provides primary and secondary pupils with an excellent opportunity to gain the skills, knowledge and confidence they need to manage money well now, and in the future.
The theme for this year’s My Money Week is money and the future. In response to the pandemic, this year’s resources, available in English and Welsh, focus on raising aspirations and preparing children and young people to make informed financial decisions for their futures.
Teachers across the UK will be delivering exciting and engaging activities, using the interactive learning resources created by the experts at Young Money. Below are just a few examples of the activities schools will be delivering. Primary school pupils will be investigating jobs and how they could earn money in the future, they’ll also be finding out why adults pay tax. Secondary school students will be exploring the real cost of Buy Now Pay Later schemes and considering the choices they’ll have for their Child Trust Funds.
Financial education is crucial for young people as it enables them to make informed financial decisions and thrive in today’s society. Without the skills built through financial education, young people are at risk of financial difficulties, exclusion and debt. In the light of recent research relating to young people’s personal finance habits including a 2021 report from Citizens Advice Bureau which found that a quarter of young people making Buy Now Pay Later repayments haven’t been able to pay for food, rent or bills as a result, initiatives like My Money Week become ever the more important.
During My Money Week, Young Money will be celebrating the valuable financial education taking place across the UK as well as the creative and diverse approaches teachers employ to make learning about money memorable and meaningful! This year Young Money is also conducting an impact evaluation of My Money Week in partnership with University of Edinburgh Business School and supported by Santander.
Fermin Martinez de Hurtado, Sustainability Strategy Manager at Santander UK, said:
“At Santander we are committed to supporting people in our communities by building their financial capability and understanding. It’s never too early to learn about money and it’s important that young people have the skills and confidence they need to manage their money well. We’re delighted to support Young Money on these engaging activities for My Money Week to ensure that all young people are engaged and equipped with the right tools to manage money in their everyday lives and ensure they are set up to prosper.”
Sharon Davies, Chief Executive of Young Money comments:
“I’m delighted to see so many educators taking part in My Money Week this year! We’re extremely grateful to Santander for their generous support, which will ensure that schools and families can access free, engaging and current financial education resources”.