My Money

What is the My Money project?

y Money residential The My Money project has been set up to help schools teach their pupils about how to look after their money when they are growing up and after they leave school and become an adult. This will be taught through Personal, Social, Health and Economic (PSHE) education in schools.

The sort of things that the My Money project will help schools teach children and young people are:

How to spend money wisely
How and why to save money what we can do to avoid getting into debt
How to manage a home including how and why we pay bills and taxes
How to take care of a family
About careers and what becoming ‘employable’ means
Why being rich won’t necessarily make you happy

Who is running the project?

The project is being run jointly by a group of organisations. These are:

The PSHE Association – an organisation which helps teachers and other people working in PSHE to give children and young people good PSHE lessons.
EDComms – specialists in educational communication
Personal Finance Education Group - an educational charity who aim to make sure that all young people leaving school have the confidence, skills and knowledge in financial matters to take part fully in society.
National Children’s Bureau (NCB) – an organisation which works to improve the well-being of all children and young people in England across all areas of their lives.
Young NCB – which is part of NCB and gives children and young people the opportunities to speak out and take action on issues that affect them. The My Money Young Advisers Group will be run by Young NCB.

The money to run the project was given to the organisations by the Department for Children, Schools and Families. This is the government department whose job it is to make England the best place in the world for children and young people to grow up.

My Money Young Advisers

My Money Residential There are currently nine young advisers to the project who play a very important role in designing and carrying out the My Money project. They do this at residential meetings gibing their ideas to help guide the work of the project. They have also completed a media training course to be able to act as media spokespeople for the project.
In August we will be looking for three new Young NCB members to become Young Advisers.