MacDonald Encourages Young People to Improve Their Money Management Skills
Monday, 06 October 2014 10:42
Lloyds Banking Group launches fourth year of Money for Life Challenge
Young people across the UK will have another chance to take part in Lloyds Banking Group’s Money for Life Challenge, a national competition to encourage young people to improve their money management skills, and Angus MacDonald MSP is encouraging young people in his Falkirk East constituency to get involved.
The Money for Life Challenge is a UK-wide competition to find the most innovative and impactful ways that young people can improve the money management skills of their friends, families and communities.
Teams can apply for a grant of £500 to help run their project by visiting the Money for Life Challenge website at: www.moneyforlifechallenge.org.uk.
Last year the Money for Life Challenge helped launch more than 300 new projects with the Grand Final winner Woodley Wallet Watchers, from Stockport, working with a local Credit Union to help young adults in their community get saving and improve their financial literacy. The team ran themed learning sessions and created an expenditure booklet to help track spending.
Falkirk East MSP Angus MacDonald MSP commented,
“This is a very welcome initiative aiming to improve financial skills in this young age group. It enables more people to make good decisions about their savings which is a very positive thing in these times of austerity.
“The Challenge awards £500 grants to hundreds of 16 to 24 year olds who want to run a money management activity in their community, with the best projects going head to head to win a coveted place at the National and UK Grand Finals.
“Young people are encouraged to create new and innovative ways to help enhance their own money management skills and promote greater financial literacy in communities across the country.
“I would strongly recommend any young person or local Youth Group with an interest in helping improve financial literacy in their community to apply to take part in this year’s Challenge.”
The application period for the Money for Life Challenge runs until 21 November 2014.
Applications can be made online at: www.moneyforlifechallenge.org.uk