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For today’s Talk Money Week #DoOneThing theme, we’re sharing details on Child Trust Funds and planning for the future thanks to our partners Foresters Financial. If you have a child who was born between 1 September 2002 and 2 January 2011, listen up! Don't worry if Child Trust Funds are new to you - we asked MyBnk trainer Tommy to explain everything you need to know including what the funds are, who is eligible, how to access the funds and suggestions for how to manage the fund going forward. If you’re a parent/guardian, the one thing you can do for your children this week is to look into their Child Trust Fund. You might be surprised by what is waiting for them. 🙌 #TalkMoney #ChildTrustFund #FinancialEducation

It’s #TalkMoneyWeek and we’re sharing tips this week to help you #DoOneThing to improve your financial wellbeing! Our first topic comes from our partners Lowell, offering helpful suggestions on how to start a conversation about finances. Whether it’s talking to a friend, writing your budget down in a diary, or seeking expert help, you’ll be amazed at how having an honest conversation about money can make you feel better. Swipe for 5 practical tips to approach the topic and read more in our article: https://lnkd.in/eGR_hhGm #MoneyMatters #FinancialGoals #TMW #MindfulMoney #MoneyConfidence #FinancialEducation #FinancialWellbeing #DebtManagement #Budgeting

Let's talk about money! This Talk Money Week, we’re inviting you to join the conversation and “do one thing” to enhance your financial wellbeing. Every day this week, we’ll be sharing valuable insights from financial experts and partners to help you make that first move toward greater financial confidence. From tackling essential money conversations to preparing for an entrepreneurial journey, we’ve got a lineup of topics just for you. Follow along and discover how just one small action can lead to big changes in your financial life! #TalkMoneyWeek #DoOneThing #MoneyMatters

We were delighted to attend Scottish Parliament last week for the Cross Party Group on Children and Young People meeting on education reform. The inspiring discussions focused on building a more inclusive and empowering education system for all young people in Scotland. It was great to hear from those behind the National Discussion on Education and Independent Review of Qualifications and Assessment, and to gain insights from the Children and Young People's Commissioner Scotland, The National Autistic Society, and others. Thank you to Children in Scotland and YouthLink Scotland for organising. #Education #Scotland #ScottishParliament #EducationReform

That’s a wrap for our #CareAboutMoney campaign! We hope you have gained some valuable insights about the financial cliff edge faced by care leavers and learned what needs to improve to help care-experienced young people towards financial wellbeing. Please share our videos and posts from this week and visit https://lnkd.in/eYnUG_h6 to read our research and learn how you can make a difference for care-experienced young people across the UK. A £200 donation to MyBnk transforms a care leaver's life by giving them the skills to live independently for the first time, providing a foundation for their future. We’d welcome any donation, no matter how big or small, at https://lnkd.in/eYtNB-SY We’d like to say another big thank you to the Berkeley Foundation for supporting this research over the last three years and helping bring the crucial findings and recommendations to light. #NCLW #EndTheCareCliff #CareLeavers #CareLeaversWeek #CareExperienced #FinancialEducation #FinancialLiteracy #MoneyManagement

In case you missed it, earlier this year we published our latest report on the financial challenges faced by care-experienced young people across the UK. To mark the launch of the research, we hosted a webinar with MyBnk’s Director of Fundraising and Deputy CEO, Claire Q., who chatted with Sally Dickinson and Dave Linton to discuss the findings. You can watch the webinar in full here: https://lnkd.in/gDXm2m_3 We’d like to thank the Berkeley Foundation and Trust for London for making this research possible. Your support will help amplify the voices of care-experienced young people and help prove that the provision of financial education is crucial to ensure young people are equipped to handle any financial challenges that life may bring, now and in future. Read the report findings and recommendations in full and learn how you can support the work we do with care leavers at: https://lnkd.in/eYnUG_h6 #NCLW #CareLeavers #EndTheCareCliff #CareExperienced #FinancialEducation #FinancialFluency #FinancialLiteracy

The Labour Government has unveiled its 2024 Autumn Budget, outlining key financial policies and proposals aimed at addressing the current economic challenges faced by the UK. So, what does this mean for you? Here are the top 5 things we think you need to know: 💷 Minimum wages are rising for workers of all ages. 👩⚕️ More flexibility for carers to earn without losing their Carer’s Allowance. 📉 Deductions from Universal Credit payments to repay debt have been capped at a lower amount. 🚌 Slight increase in the single bus fare cap and continued fuel duty freezes. 🏡 Higher stamp duty on additional homes and changes to Capital Gains Tax for non-residential assets. Learn more about what this means for you here: https://lnkd.in/e3Zg8qeK At MyBnk, we’re committed to ensuring everyone is informed and ready to make the best financial decisions. We’ll continue our work to advocate for financial literacy for all. #Budget2024 #AutumnBudget #FinancialEducation #NationalMinimumWage

Congratulations to Emmanuel Asuquo and Darren Collins MLIBF DipFA, MBA who have both been nominated for the Customer Hero of the Year Award at this year's Money Guiders Conference! 🎉 As money guidance practitioners and leaders, both Darren and Emmanuel are passionate advocates for financial literacy and exceptional ambassadors for MyBnk. From raising awareness of our programmes in local schools to supporting MyBnk at parliament, we’d like to thank them both for all of the enthusiasm and commitment shown towards our mission of creating a financially fluent population. Please take a moment and cast your vote for Darren and Emmanuel as your Hero of the Year 2024! 🗳️ 👉 https://ow.ly/UHZL50TRzcs Voting closes this Friday! #MoneyGuiders #TalkMoney #TalkMoneyWeek #FinancialFluency #FinancialEducation #MyBnk #Money #MoneyMatters

This #CareLeaversWeek week we’re spotlighting the harsh realities and financial challenges faced by many care-experienced young people as they transition to independent living. We asked Michael, who attended our Money House youth homelessness prevention programme, to share his experience of care and explain how the MyBnk programme has provided him with vital money management skills. We believe that financial literacy should be considered a right for all because the language of money is a language for life. That’s why we’re committed to helping care leavers like Michael manage their money with confidence. Care-experienced young people are resilient and strong – but they deserve better support. Let’s celebrate young people like Michael this week! 🎉 If you know a care-experienced young person who would benefit from working with us, visit mybnk.org to get in touch. To read our latest research and learn how you can support our work with care leavers, visit mybnk.org/care-about-money https://lnkd.in/gCgXP9my #NCLW #EndTheCareCliff #FinancialEducation #FinancialFluency #CareLeavers #SupportCareLeavers #CelebrateCareLeavers #MoneyHouse #CareAboutMoney

Thanks to our new partnership with Saffron Building Society, we’re delighted to permanently expand our services into Essex! 🤝 Last week we invited Saffron CEO Colin Field and colleagues to attend our Money Works session in Colchester YMCA, led by programme trainer Victoria Cutbush. Saffron’s generous support of £200k will fund 300 hours of financial education delivery in the region – and we’re pleased to announce that we have already contributed a third of these hours to empower young people in Essex with vital money management skills. Speaking on the partnership, CEO of MyBnK Leon Ward said: “At MyBnk, we believe that the language of money is a language for life. Our partnership with Saffron will help us empower even more young people in Essex with the knowledge and skills they need to make informed financial decisions, contributing to our mission of creating a financially fluent population. We are extremely grateful to Saffron and their commitment to supporting their local community, and allowing us to make this work possible.” Read more ➡️ https://lnkd.in/ezd5ra5c #FinancialEducation #FinancialFluency #MoneyMangement #Essex #YMCA #MyBnk #MoneyWorks