The Money and Pensions Service (MaPS) coordinates the UK Strategy for Financial Wellbeing by mobilising stakeholders to achieve a national goal of two million more children and young people receiving meaningful financial education by 2030. To help achieve this goal, MaPS worked with partners in Wales to develop and deliver the flagship Talk, Learn, Do programme, targeted at parents of children aged 3-11 years old in 2015.
Talk, Learn, Do aims to encourage parents to talk to their children about money and create opportunities for their children to experience managing it. It is a two-hour session that includes practical activities around ‘modelling money’, shopping trip scenarios, talking about ‘pester power’, pocket money games and more.
Building on this initial successful pilot, in 2019 MaPS partnered with Campaign for Learning to continue to deliver and embed Talk, Learn, Do in Wales, while also commissioning Arad Research to evaluate the effectiveness of the project for practitioners, parents and children.
In 2019/20, amid the challenges of the Covid-19 pandemic, the project trained over 300 practitioners from a range of sectors, including family support, housing, and early years practitioners to deliver the sessions to parents. Overall, the evaluation report shows an overwhelmingly positive view of the Talk, Learn, Do programme from practitioners and parents. It highlights what more could be done to ensure delivery remains effective overtime, including moving to digital delivery.