Tom calls on local schools to take part in My Money Week

Tom Blenkinsop, MP for Middlesbrough South and East Cleveland, has called on local schools to take part in My Money Week (3 to 9 June), giving pupils the chance to learn more about money and personal finance.  Every primary and secondary school in Middlesbrough South and East Cleveland is being given the chance to take part for free in My Money Week, which has returned for its fifth year thanks to a new partnership between national charity pfeg (Personal Finance Education Group) and Barclays.

My Money Week will improve young people’s financial skills, knowledge and confidence through special lessons, activities and debates in schools and other settings across the UK.  Teachers in Middlesbrough South and East Cleveland can order a free Activity Pack, developed by pfeg, full of creative and engaging financial resources and ideas for how to deliver financial education to young people, from the age of four up to 19.  Young people in Middlesbrough South and East Cleveland can also take part in the ‘A-Z of Money’, a national competition challenging them to learn more about money through creative writing.

Tom said:
“My Money Week is a good opportunity for local schools to highlight the importance of financial education. The ability to manage your own financial affairs is an important skill that will prove invaluable in the future.

“A study last year revealed that the lack of financial education cost taxpayers approximately £3.4bn per year. That is a huge price to pay for not preparing our young people for something that everybody has to deal with. Someone who is more financially savvy knows where and how to get financial help if they need it and they will be in a much better position to plan for their future, such as going to university or having their own family.”

Tracey Bleakley, chief executive of pfeg (Personal Finance Education Group), said:
“We are absolutely delighted to have the support of Tom Blenkinsop MP in promoting My Money Week this year, and I hope all schools in Middlesbrough South and East Cleveland will seize the opportunity to take part through our free activity pack, advice and support.”

My Money Week 2013 will also raise awareness of Barclays’ flagship UK community programme, Barclays Money Skills, and provide opportunities for Barclays employees to share their financial expertise and skills with young people in teacher-led My Money Week activities in local schools.  In addition, this year will see extra resources targeted towards disadvantaged young people in both the school environment and the wider community.

Since the first My Money Week in 2009, more than three million young people have been helped to understand more about money and personal finance through focused activities in schools.  In 2012 around 500,000 young people took part in My Money Week activities, with 99% of teachers reporting an increase in skills and knowledge and 91% of teachers reporting a shift in students’ attitudes towards money.

Teachers in Middlesbrough South and East Cleveland can pre-order their free My Money Week Activity Packs at www.pfeg.org/mymoneyweek

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