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Yvonne Fovargue MP calls on local schools to take part in My Money Week
Thursday 9th May, 2013

Yvonne Fovargue MP calls on local schools to take part in My Money Week
Yvonne Fovargue MP helps launch My Money Week 2013 in the House of Commons

Yvonne Fovargue, MP for Makerfield, 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 Makerfield 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 Makerfield 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 Makerfield can also take part in the ‘A-Z of Money’, a national competition challenging them to learn more about money through creative writing.

Yvonne Fovargue MP said:

“A decade ago, few schools were actively teaching pupils about money. Now there is growing interest with schools fitting personal finance education into several curriculum areas and pfeg has played a key role in leading this transformation.

“In the current economic climate we hear shocking stories of people suffering at the hands of payday lenders and in my view it is such an important area for our young people to be equipped with the knowledge, skills, and confidence to manage their money well.”

Tracey Bleakley, chief executive of pfeg (Personal Finance Education Group), said:

“We are absolutely delighted to have the support of Yvonne in promoting My Money Week this year, and I hope all schools in Makerfield 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.

Ashok Vaswani, CEO UK and Retail Business Banking at Barclays, said: “It has never been more important for young people, particularly those who are vulnerable, to be able to access the support they need to learn about money. Having sound financial skills and being confident in managing money is critical to everyday living and achieving future goals.”

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.

Teachers in Makerfield can pre-order their free My Money Week Activity Packs at www.pfeg.org/mymoneyweek

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