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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.
