Anne McTaggart MSP has backed the Lloyds Banking Groups Money for Life Challenge. This is the third year of the national competition which aims to encourage young people to improve their money management skills.
The Challenge awards £500 grants to hundreds of 16 to 24 year olds who want to run a money management activity in their community, with the best projects going head to head to win a coveted place at the National and UK Grand Finals. The competition aims to find the most successful and innovative ways to improve the money management skills of learners, their friends, families and communities. Project team members are between 16 and 24 years old and in further education, work based learning or adult community learning.
Teams can apply for one of 250 grants from Monday 2 September until Friday 22 November simply by visiting the Money for Life Challenge website.
Last year’s winners ‘Bouncing Babies’, a team from County Antrim, Northern Ireland, set up a support group for young mums that met weekly and had guest speakers who covered a range of topics, from student finance and childcare costs to living well for less and healthy recipes on a budget.
Ms McTaggart said “It is so important that young people learn money management skills. With money tight for people up and down the country, work difficult to find and the Con-Dem Governments economic and welfare policy having a real negative impact on young people, it is vital that as much help and information as possible is given to those who need it.
It’s also encouraging that these initiatives are allowing young people themselves to run a money management activity in their own community, as they understand the issues that other young people face and are well placed to provide help. It’s a great initiative and I encourage young people who have any ideas to apply.”
You can read more about the Money for Life Challenge at www.moneyforlifechallenge.org.uk