We are a charity who deliver financial education and enterprise directly to 7-25 year olds in schools and youth organisations.
Together with young people, we have created innovative, high impact and high energy financial education workshops.
MyBnk builds financial capability at key transitional moments, addressing mindsets, attitudes and behaviours to help young people form an understanding of the wider world of money. We also give vulnerable young adults ‘survival’ money skills and knowledge to move into independent living.
Topics include saving, budgeting, public finance, debt prioritisation, digital finance skills and enterprise. Alongside delivery, we design projects and training programmes for other organisations.
A financially literate and enterprise driven generation
To empower young people to take charge of their future by bringing money and enterprise to life.
Business Aims & Objectives
Why we do it?
Everyone needs to be able to manage their money, it is just common sense.
But for young people the inability to do so has serious consequences. For them, it is easier to fall into debt, be scammed, make uninformed decisions and establish bad money habits.
For young people in the most vulnerable circumstances this can be as simple as knowing how to budget for a weekly shop and as crucial as making the rent to avoid eviction.
Youth unemployment stalks Europe and the traditional routes to employment are changing. This generation will have to make smarter financial decisions and create their own opportunities.
Need for Financial Education
MyBnk - Our Story - Financial Education - The NeedYoung people engage with money from an ever earlier age but face a financially challenging future.
When MyBnk started in 2007, just 10% of UK adults had received any form of financial education. Today 41% of students do after MyBnk joined others in 2011 to successfully campaign and get money lessons on to England’s national curriculum, from Year 7 to GCSE.
Although there is wide advocacy for financial education, there remains substantial gaps in relevant, effective and evaluated provision, especially at scale.
With timetabling pressures, the absence of extra funding and limited specialist training, evidence and experience tells us schools are struggling to deliver impactful lessons. Moreover, 50% of students in academies, sixth forms, colleges and free and independent schools are not required to be taught money skills. This is against a backdrop where 39% of teachers feel financial education, as it is currently taught, will make no difference to how young people see monetary issues (Nationwide).