Young Money, the financial education charity which is part of Young Enterprise, and the Building Societies Association (BSA), the body representing UK building societies, have today launched a set of financial education materials for children, parents and carers to use while schools are closed.

The initial set of resources includes exercises for primary and secondary school pupils to help them learn about needs and wants, making choices and planning ahead.

Young Money and the BSA have been working together for a number of years. In 2019 Young Money developed resources for building societies to use in local schools, aligned to Key Stages 1 to 4 of the curriculum, working in partnership with teachers.

These activities have been revised by Young Money to be delivered at home - either with parental support for younger children, or via self-teaching for older pupils. The exercises include full guidance on how to deliver engaging and relevant money activities in the home, as we start a new school term.

More sets of materials will be added soon.

Sharon Davies, CEO of Young Money said: 
“We are delighted to be working with the Building Societies Association to make these activities available to support money learning in the home. We hope that parents and their children are able to use these to develop vital life skills which complement the academic curriculum.”  

Robin Fieth, Chief Executive of the BSA commented:

“Volunteers from building societies have found these resources really helpful over the last year in classrooms across the country, and the feedback from teachers has been brilliant. It is fantastic that Young Money has adapted them for families to use while schools are closed. The challenges of the changes going on around us highlight how important a life-skill financial capability is, and these engaging resources can help to develop strong foundations for future generations. I hope that teachers, parents and carers, and most importantly, children, find them helpful and inspiring.”

The resources can be accessed either through the BSA website or Young Money’s Digital Toolkits:

• bsa.org.uk/financialedu
• young-enterprise.org.uk/paren-toolkit

Notes to editors:

About Young Money
Young Money, part of Young Enterprise, supports all educators in developing the financial capability of the young people we work with.  We are a trusted and valued provider of knowledge, resources and training to anyone teaching children and young people how to manage money.

For more information: young-enterprise.org.uk or email papr@y-e.org.uk

About the BSA
The Building Societies Association (BSA) represents all 43 UK building societies, as well as 6 credit unions. Building societies have total assets of £420 billion and serve 25 million members across the UK. Together with their subsidiaries, building societies hold 23% of UK’s outstanding residential mortgages and over £290 billion of retail deposits, accounting for 19% of all such deposits in the UK.

More information: bsa.org.uk or email amy.mccluskey@bsa.org.uk