Are you comfortable talking about how much you earn? Or would you ask someone how much debt they’re in? Even in 2023, talking about money can feel awkward or uncomfortable. But with new Young Minds research showing the cost of living is the major worry for over half (56%) of young people, having open and honest conversations about money is more important than ever.
That’s where Hymans Robertson Foundation partner MyBnk comes in. Founded in 2007, MyBnk are a leading specialist financial education charity in the UK, bringing money management to 5- to 25-year-olds in schools and youth organisations. They have been a funded partner of the Hymans Robertson Foundation since 2019, and a key partner in our ambition to help young people move into secure financial futures through financial capability and employability training, and wellbeing support.
This week (20th – 26th March 2023) is Global Money Week, a global campaign raising awareness of the importance of building financial awareness from an early age. This includes ensuring that young people gain the necessary skills, knowledge, behaviours, and attitudes to help them make informed money choices and achieve financial wellbeing.
Throughout Global Money Week, MyBnk will deliver expert-led money management sessions to over 1600 young people across the UK, supported by the Foundation and our other charity partners.
This year’s theme is “Plan your money, plant your future.” This focuses on sustainability and encourages young people to consider the impact of their financial decisions on their own futures, but also on others, wider society, and the environment.
With many of us struggling to afford basic living costs, encouraging young people to plan ahead, save and consider the environment may be more challenging. But giving young people the tools to maximise their income, check any entitlements they are eligible for and reduce costs whilst also minimising their impact on the environment can help them safeguard their financial futures.
To find out more and book programmes for young people, please visit mybnk.org.