Last Updated - August 17, 2023
If you need support with budgeting, being independent, banking and borrowing ‘MyBank’ offer money management sessions. The Money Works programme maps into a range of accredited life skills, money management and employability certificates. If you attend the full programme, you can also qualify for a Level 1 Personal Money Management accreditation.
You can find out more about MyBank here: www.mybnk.org
Martin Lewis has a trusted and trustworthy website: https://www.moneysavingexpert.com/ where you can find lots of advice, financial support and information.
Child Trust Funds were set up by the Government for young people born between 2002 and 2011. The Share Foundation www.sharefound.org (registered charity no. 1108068), has operated the Department for Education’s savings/investment schemes for looked after children and young people since 2012, during which time it has benefited over 175,000 young people. Its analysis over the past three years (2018 – 2021) has shown that very large numbers of families and young people generally are unaware of their Child Trust Fund accounts, particularly among the most disadvantaged (those in receipt of Child Tax Credit). We can support you to access this fund if you were born between 2002 and 2011.
If you have been in foster care you may also have had savings built up for you by your foster carers. We will support you to access this if you haven’t been given this money at 18.