We all wish to raise generous children as parents. We want our kids to grasp the importance of giving and to feel the sense of purpose and joy that comes with it. In fact, many charities can help your children grow up to become charitable humans, and also educate them to be more financially literate. In this blog, we will talk about the best Children’s Finance Educational Charities in the UK.
YounGo Money directly aligns with these charities, especially since we all share the belief of the importance of developing healthy money habits and how much these lessons can benefit children in the long run.
We at YounGo Money, in fact, have come up with the free app to help parents and children achieve the in-practice side of being financially educated and acquire healthy money habits through a learning-by-doing approach.
Mybnk Organization together with young people creates and delivers innovative, high-impact and high-energy financial education programmes. Their experts help to build young people’s money knowledge, skills, mindsets and habits at key transitional moments. Two-thirds of their work is with young adults in vulnerable circumstances focusing on ‘survival’ money skills for independent living.
Throughout 2021, over a very challenging 12 months, they have helped over 20,000 young people learn how to manage their money and live independently through 5,000 hours of education in 215 schools and youth groups. Their reports can be read here.
As well as mybnk we aim to build young people’s healthy money habits and mindsets in order for them to grow up into financially literate adults, being comfortable with their finance and money knowledge. We help parents and children achieve this through our app. (read more about it here)
The Money Charity
The Money Charity has a long history of helping people to manage their money well. They give educational money awareness lessons to all age groups. However, the younger age group has never been more vital. With growing awareness of the foundational importance of Financial Education, the spotlight is on the subject more than ever before.
This is why they reach out to young people with the skills, training and confidence they need for the future. They develop and deliver financial education, Money Workshops and Resources for young people and those who work with them.
Lifesavers is an innovative, values-based financial literacy programme. Giving children the knowledge, skills and attitudes to manage their money wisely.
Their values-based approach to financial education explores what it means to be wise, generous, just and thankful with our money. Recognising that attitudes are as important as knowledge and skills in shaping financial behaviour.
Children should learn to have positive attitudes, knowledge and skills around money and finances. Because of how important it is for their future and development of healthy money habits.
Young Enterprise believes that the potential of the UK’s young people is unlimited, and academic education on its own is not enough.
They motivate young people to succeed by helping them with the work skills, knowledge and confidence they need.
In 2018/ 19 the charity created a partnership of teachers, volunteers, supporters and staff engaging over 482,000 young people, helping them to develop their business, financial and entrepreneurial capabilities.
They also made progress in their aim to extend their reach to the most deprived communities across England and Wales. Working with 57% of secondary schools in the 30% most deprived areas.
The Centre for Financial Capability
The Centre for Financial Capability believes that every child in the UK should be supported to develop their financial skills. The behaviours necessary to navigate critical financial decisions in later life, starting at primary school.
TCFC is a newborn charity, that in such a short time has been able to build a lot of support and investments.
MP John Glenn has spoke about them stating: “Over the last year we’ve learned many things, but one of them is how important it is for people to have the information, the skills and the confidence to engage with their finances. The CFC is a testament to the difference that can be made when financial services and the voluntary sectors join forces to improve financial education for children and young people”.tcfc.org.uk
It is a crucial time to sustain and empower our own children. Developing their financial knowledge, skills and attitude to develop healthy habits in the future. Never before it has been so crucial to help children learn the lessons about money and finance.
Thank you for reading our blog about The best Children’s Finance Education Charities in the UK.
If you want to learn more about YounGo Money and what we do, check out our other blogs here. Get in touch with us here.