Jenny Willott MP goes back to school for My Money Week

June 7, 2013 1:44 PM

Jenny at a desk

Jenny Willott MP goes back to school for My Money Week

Kings Monkton School in Cardiff welcomed Jenny Willott MP into their lessons today, as part of its involvement in My Money Week 2013.

A key supporter of My Money Week, the MP for Cardiff Central joined pupils from year 8 of the independent school as they learnt more about money and personal finance.

Now in its fifth year, My Money Week is a financial education programme developed and executed by pfeg (Personal Finance Education Group), the UK's leading financial education charity, in partnership with Barclays.

The national activity week is designed to improve young people's financial skills, knowledge and confidence through a range of creative and engaging financial resources that are used in special lessons.

Jenny Willott MP said: "Understanding your personal finances and being able to manage your money is an essential skill for life, whether you're a stay-at-home mum or an entrepreneur, just leaving school or about to retire.

"Everyone needs to have a basic level of financial skills and to feel confident about managing money, and My Money Week does an invaluable job helping young people to develop this confidence and skillset. It is really positive that Kings Monkton School see the importance of this initiative and it was great to spend the day with them."

Jenny with headteacher and pupils

Acting principal of Kings Monkton School, Julia Horton said: "Financial education is a fundamental part of the rounded education we want all young people to have received by the time they leave school, key to preparing them for adult life. We are delighted to have welcomed Jenny Willott MP to our school who has worked alongside our teachers to help our pupils understand more about money and their personal finances."

The school also welcomed Jon Brenchley, head of corporate affairs for Barclays in Wales, who shared his financial expertise and skills with pupils and promoted the bank's flagship UK community programme, Barclays Money Skills, a national money management programme designed to build the financial skills of 16 - 25 year olds.

Jon said: "Barclays recognise the importance of financial education to the next generation of school children and is delighted to support My Money Week. This initiative complements Barclays' recently launched 'life skills' programme which aims to provide financial education and work experience matching to 1 million young adults by 2015."

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 percent of teachers reporting an increase in skills and knowledge and 91 percent of teachers reporting a shift in students' attitudes towards money.

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