Joanna Jarvis

MYFLIP

Financial Education

Programme

What is MYFLIP?

MMidlothian idlothian YYouth outh FFinancial inancial LLearning earning IInclusion nclusion PProgrammerogramme

MYFLIP Financial Education ProgrammeMYFLIP Financial Education Programme

• Aims: To educate young people in money management and provide Aims: To educate young people in money management and provide

opportunities to open a Bank Account and or a Credit Union Account.opportunities to open a Bank Account and or a Credit Union Account.

• This project is delivered by Midlothian Financial Inclusion Network in partnership This project is delivered by Midlothian Financial Inclusion Network in partnership

with Midlothian Council. Funded by Department of Work and Pensions. with Midlothian Council. Funded by Department of Work and Pensions.

Did you know!

• 1,666 people made redundant daily1,666 people made redundant daily

• 796,000 unemployed for > 12 month796,000 unemployed for > 12 month

• 9,000 new debt problems dealt with by CAB each day 9,000 new debt problems dealt with by CAB each day

• £57,789 average household debt£57,789 average household debt

• every 14 minutes a property is repossessedevery 14 minutes a property is repossessed

• every 3.78 minutes someone will be declared insolvent or every 3.78 minutes someone will be declared insolvent or bankruptbankrupt

www.creditaction.org.uk (Sept 10)www.creditaction.org.uk (Sept 10)

Joanna Jarvis

MYFLIP

Financial Awareness &

Budgeting

Session Plan

Welcome and Introductions, Group Agreement & Course ExpectationsWelcome and Introductions, Group Agreement & Course Expectations

Show me the money! Coin Game Show me the money! Coin Game

What sort of Money Manager are you? What sort of Money Manager are you?

DVD – Attitudes to MoneyDVD – Attitudes to Money

Where does your money go? Where does your money go?

Personal Budgeting & Budget Project - Furnish your room for £500 Personal Budgeting & Budget Project - Furnish your room for £500

Further Information Further Information

Getting Started

Paired Introductions

What would you do with a What would you do with a Million pounds? Million pounds?

Group Agreement & Expectations

What do you want to gain What do you want to gain from participating in this from participating in this course?course?

What sort of Money Manager are you?

Spender Saver

Attitudes to Money DVD

Show me the money!

Needs and Wants

Where does your money go?Where does your money go?

What happens when you don’t have any What happens when you don’t have any money? money?

What about Saving?What about Saving?

Personal Budgeting

Income

How much is coming in?How much is coming in?

Expenditure

How much is going out?How much is going out?

Budget Project Furnish your bedroom £500

Further Information

Websites providing information on budgeting and tools to help you calculate Websites providing information on budgeting and tools to help you calculate your own budget: your own budget:

www.moneymadeclear.org.ukwww.moneymadeclear.org.uk

www.doughuk.comwww.doughuk.com

www.learnaboutmoney.org www.learnaboutmoney.org

www.shelter.org.uk www.shelter.org.uk

www.mny-mny-mny.comwww.mny-mny-mny.com

www.youngscot.orgwww.youngscot.org