Bath Building Society has been carrying out its latest programme of financial education programmes with secondary schools across the Bath region.
Working with the finance and education specialists, WizeUp, Bath Building Society started the programme early in 2019, working closely with Hayesfield, Saint Gregory’s, St Marks, Ralph Allen, Oldfield School, Beechen Cliff and ThreeWays, as well as ProjectSEARCH at Bath College.
The programme of workshops is designed to help young people understand the practicalities of managing money and give them confidence to make informed financial decisions. According to statistics from Young Enterprise, 4 in 10 adults aren’t in control of their finances. The workshops cover a wide range of important topics including preparing for university and independent living after school, budgeting, credit, loans, savings and tax.
“We are delighted to be working with WizeUp to bring financial education to secondary school children in Bath,” said Kevin Gray, Chief Executive, Bath Building Society. “When you consider *21 million UK families have less than £500 in savings to cover unexpected bills, while around 8 million adults have debt problems, our young people need high quality financial education in school so they can manage their finances well and have the confidence to make crucial decisions. This is becoming increasingly important as future financial choices are likely to be more challenging than for past generations.”
To find out more about Bath Building Society’s online resources for teaching children about financial matters, click here
(* All-party Parliamentary Group on financial education (APPG), 2016)