Level 2 and 3 Finance students participated in workshops by Debbie Harvey from My Bnk for two days in January. The workshops were very interactive and focussed on the key things young people need to know, not only for their careers but for day-to-day life. Time was spent exploring budgeting, income, borrowing, and the risks of making certain financial decisions. Compounding interest was also part of some of the discussions and how certain borrowing products, if not managed well, could negatively impact an individual’s credit score.
Debbie who delivered the workshops said: “It has been such a pleasure working with the learners at New College Swindon. I was impressed with their attitudes towards money and their awareness of the current financial climate. It’s great to see such value placed on financial education – an essential life skill.”
My Bnk works with young people aged 5-25 to build their money knowledge, skills, mindsets and habits. In one of their recent evaluations, My Bnk found that “money lessons” aren’t compulsory in UK primary schools, with only 52% of 7–16-year-olds recalling learning about money and pensions.
Lancia Marques, Level 3 Finance Student, said: “I found the session very useful, especially when I learned about credit scores, way to budget and the importance of budgeting.”
New College Swindon offers a variety of Finance courses, from Level 1 to 3. These courses teach students about decision-making, business and general life skills.