Have you heard about the Money for Life Challenge? £500 grants are available for your organisation to run a money management project.
Juggling the demands on your money is challenging for everyone. More than ever, being good at managing your money is one of the most important skills you can learn. So whether you’re earning it, saving it or borrowing it, it helps to have some inside knowledge so you can make the best choices – right now and for the future.
Money for Life Challenge is a new, national competition geared to learners between 16 and 24 years old in the further education, work based learning and adult community learning sector. The goal of the Challenge is to find the most successful and innovative projects young learners can use to improve their money management skills and those of their friends, families and communities.
A team of learners can apply for a £500 small grant to run a money management project in their community, and then enter it in the Money for Life Challenge competition. £300 of the grant is to support your organisation in administering the project, and the remaining £200 is to help the learners get their project off the ground.
Projects could be anything from getting fellow learners clued-up about choosing the right mobile phone contract, or empowering local young mums to be savvy shoppers, to demonstrating how being green can also be good for the family purse strings. The teams with the most innovative and impactful projects will have the opportunity to present them to a panel of high profile judges at the Nation Finals and win some great prizes.
Their project could even take them all the way to the Grand Final in London with a chance to win £2,500 for the registered charity of their choice, £100 of Bonus Bonds for each member of the team and a Lloyds Banking Group mentor for a year.
The programme will not only help learners improve their money management skills but will also provide them with relevant experience and talking points for their CVs and job interviews, improve their planning, project and time management skills and give them the chance to have fun and be creative. Colleges and community organisations will also gain from playing a role in the Challenge in that their involvement will meet the requirements for a range of courses, help deliver active citizenship, core and employability skills and increase the college or organisation’s profile in the community.
Further information can be found on the Money for Life Challenge website or on Facebook at the Money for Life page.
If you have any questions about the Challenge, contact us on T: 028 9024 4274 or E: moneyforlife@egsa.org.uk and we’d be more than happy to discuss it with you in more detail. Read more about Money for Life on our website.
