Money management training provider Young Money has this week launched its new ‘Money Heroes’ financial education programme, inspiring collaboration between parents and teachers on the delivery of financial education from home during lockdown.
Developed in partnership with HSBC UK, the initiative aims to drive financial capabilities in one million UK children ages 3–11 over the next three years through its innovative online hub.
A recent survey of 1,000 UK parents, conducted by independent polling company Censuswide, revealed that just under two in three (70%) parents would like to be more involved in their child’s education, with more than three-quarters (76%) of respondents now viewing education as a shared responsibility between themselves and teachers following COVID-19.
On top of this, nine in 10 (90%) agree that it’s important for their child to learn specifically about money management, viewing it as integral their future happiness and success.
In addition to gaining access to a stream of free, high-quality resources and guidance, parents and teachers alike can track and share children’s learning plans through the unique platform – notably linking progress both in and outside of the classroom for the very first time.
The Money Heroes hub also includes:
- A communal platform where parents and teachers can identify activities that children have completed
- Age-appropriate, off-the-shelf activities for use at home and school, including family-friendly games to play at home
- A parent guide and teacher audit tool
- A parent podcast series featuring experts in financial education, parenting and wellbeing
Items coming next year:
- In-school support for teachers, including free in-house teacher training for over 500 primary schools over 2021 and 2022
- Storybooks for KS1 and KS2 from well-known authors, available in print and online
“We want to help children develop financial capabilities that will help them thrive for a lifetime, that is why developing innovative and impactful programmes like Money Heroes is so important,” said Stuart Haire, HSBC’s head of wealth and personal banking.
“And with young people predicted to be hardest hit in the years to come as a result of the current pandemic, it has never been more important to focus on the life skills required to build financial independence and resilience from an early age.”