How can a building society improve financial capability?
Yorkshire Building Society is aiming to improve social mobility and financial capability for young people in the UK by providing free financial education lessons designed to promote discussion and learning about money among children and young people aged 5 to 19 and of all abilities.
In 2016, Yorkshire Building Society made a commitment to teaching financial education to children. They believe that this will provide them with the skills needed to have a prosperous and financially stable future.
“Money Minds” is a bespoke educational programme that schools can sign up for though Yorkshire Building Society. Society colleagues deliver lessons to children aged between 5 and 19 years old. Money Minds lessons are designed to promote discussion and share learning and to engage pupils and enable them to test and expand their vocabulary and understanding of money through fun activities.
Preparing for the Future
Topics range from keeping money safe, planning a party to learn budgeting skills, calculating interest and how to buy a house. In 2017 alone, colleagues delivered 251 courses to 7,267 pupils – 95% of which said they enjoyed the session and 94% that they learned something new and feel more confident about managing money.
This story shows how Yorkshire Building Society supports Goal 4: Quality Education , specifically Target 4.6: “By 2030, ensure that all youth and substantial proportion of adults, both men and women achieve literacy and numeracy.”
About Yorkshire Building Society
Founded in 1864, Yorkshire Building Society is one of the largest building societies in the UK. Yorkshire Building Society has assets of £42.3 billion and has more than 3 million customers.
Learn more about Yorkshire Building Society and Money Minds.