Partnership between WYTSS & Barclays Financial education game aimed at young people aged between...

Partnership between

WYTSS & Barclays

Financial education game aimed at young people aged

between 16-25 years

Topics from budgeting and banking to affordable credit, credit agreements and illegal money lending

Aims to empower young people with the knowledge to make more informed financial choices

•Almost half of young people in Britain accept that they will be in debt for most of their lives

• 15% of those who go bankrupt are under 30

• The average household debt in Britain is nearly £8000

• On average, 15-24 year olds spend £4000 each year on socialising and non-essentials

• Only a 1/3 of young people consider themselves to be financially literate, compared to 50% of adults

• Young adults also express low levels of confidence about making the right decisions when choosing banking products

• The average student starting university in 2010 is expected to graduate with £24,702 of debt.

WHY….

character scenarios..

ArnieArmy Private

MayaGraduate

TaniaSingle Mother

FinleyUniversity Student

SteveSchool Leaver

TaranBusiness Women

Unit 1: Luxuries v Necessities

Do I have any

disposable income?

How can I prioritise my spending?

What is essential and

What Can I live without?

Unit 2: Bank Statements

What are they

used for?

What does all this

jargon mean?

Which of these numbers is my account number?

What about security?

What do all these

different banking

transactions

mean?

Unit 3: Loans

Is it legal?

Who enforces the Consumer Credit Act?

What type of credit is available?

Is getting credit an option for me?

What type of credit

should I get?

Unit 3: Loans

Unit 4: Credit Reports

What information is

stored on credit report?

What is a

credit report?

How do I get a copy of

my credit report?

How can I improve my credit score?

How does credit scoring work?

What might harm my credit rating?

Unit 4: Credit Reports

Unit 5: The Game

Reinforces knowledge from the earlier units…

Correct + 100Incorrect -100

the project has

reached..

over 20,000 young people across the North of England

Trained over 1500 volunteers from Barclays and community organisations

Schools, Colleges, Prisons, Housing associations Princes Trust groups and various community organisations across the North of the country.

For more

information…

contact the team:moneyskills@wyjs.org.uk