Young People and Money

The Financial Services Authority (FSA), in partnership with Citizens Advice, launched a free financial training initiative on the 17th June at the Baby Grand in Belfast to equip youth workers with the skills to help vulnerable young people manage money.

The FSA Baseline Survey of Financial Capability in 2007 revealed Northern Ireland consumers are behind the rest of the UK when it comes to financial knowledge and skills.  Given the implications of the current credit crunch and the growing problem of debt, it is vital that young people are equipped with the key life skills required to effectively manage money and other financial matters.

The training is specifically aimed at youth intermediaries who work with young people who are not in education, training or employment (NEET).  The free one day course will be delivered at a local level throughout Northern Ireland over the next three years. 

Speaking at the launch Derek Alcorn, Chief Executive of Citizens Advice, stressed “skilling up young people not engaged in education, employment or training in financial matters is of key importance. They are much more likely to be managing money at a young age and are at high risk of financial exclusion and debt related poverty.  By equipping youth workers with training, support and practical resources we can help to improve the lives of thousands of socially excluded young people across Northern Ireland and help them take control of their finances.”

Bookings are currently being taken for the Young People and Money training and further information can be obtained from the Young People and Money website www.youngpeopleandmoney.co.uk or by contacting the Young People and Money Team at Citizens Advice on 028 9023 1120 or by e-mail: ypam@citizensadvice.co.uk