Build financial wellbeing for young employees and apprentices
Two-thirds of young adults do not have plans in place to help them transition from school into work or training, and a significant minority of young adults are not confident managing their money. (Money Advice Service, 2016)
With many young people feeling the economic effects of the Covid-19 pandemic, it’s more important than ever to ensure they have the skills they need to manage their money well.
Whether you are employing apprentices, providing opportunities for young people through the government’s Kickstart programme, or simply seeking to develop the economic resilience of your young workforce, we can help you.
Effective interventions
Young people are more likely to gain vital money skills when they can put their learning into practice – for example when they start a new job and start getting their first paycheque.
That is why employers can make a real difference by supporting their young employees, trainees and apprentices to access a money skills programme or resources. This will not only improve the financial wellbeing of your employees, it will also help you to build a resilient workforce and avoid the negative effects of money-related stress on your business.
Support for your young employees and your business
We’ve collected information about a range of programmes and resources that meet the needs of young people starting out in the workplace.
Whatever works for you – self-guided or facilitated learning, free resources or more intensive programmes – find a programme that can help your young employees build the foundations for their future financial wellbeing.
These programmes and resources are either offered by accredited providers or supported by evaluation.
| Intervention and organisation | Description | Delivery method | Location | Fee |
| Academy of Money (Open University / Money Saving Expert) | Online self-directed learning for all ages | Digital | UK wide | Free |
| Lessons in Financial Education (LiFE) Award/Certificate (London Institute of Banking and Finance) | Self-directed or facilitated learning for 16-24 year olds | Digital | UK wide | Fees charged |
| Money & Me (Young Scot) | Money management information for young people | Digital | Scotland | Free |
| Money Smart (Youth Cymru) | Practical guidance on developing young adults’ money skills, available in Welsh and English | Guide | Wales | Free |
| Money Works (MyBnk) | Facilitated workshops for 16-25 year olds moving into independent living | Face-to-face with virtual option | UK wide | Fees charged |
| Money Works online modules (MyBnk and the Mix) | Self-directed learning modules for 16-25 year olds, focusing on those moving into independent living | Digital | UK wide | Free |
| Money Workshops for Young People (The Money Charity) | Facilitated workshops for 16-19 year olds | Face-to-face with virtual option | UK wide (face-to-face in England and Wales only) | Fees charged |
| Personal Finance Award (SQA) | Personal financial qualification suitable for school leavers and young adults, accredited by SQA and delivered by local training providers | Face-to-face | Scotland | Fees charged |
| Work Dosh (MyBnk) | Facilitated workshops for 18-30 year old apprentices, graduates and employees in the early stage of their careers | Face-to-face with virtual option | UK wide | Fees charged |
| Workplace Money Workshops and Webinars (The Money Charity) | Facilitated workshops for young apprentices and employees | Face-to-face with virtual option | UK wide (face-to-face delivery in England only) | Fees charged |
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