Build financial wellbeing for young employees and apprentices
With many young people feeling the economic effects of cost of living pressures and 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 payslip.
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
Delivery method
Location
Fee
Academy of Money Opens in a new window (Open University / Money Saving Expert)
Online self-directed learning for all ages
Digital
UK-wide
Free
Lessons in Financial Education (LiFE) Award/Certificate Opens in a new window (London Institute of Banking and Finance)
Self-directed or facilitated learning for 16-24 year olds
Digital
UK-wide
Fees charged
Money SmartOpens in a new window (Youth Cymru)
Practical guidance on developing young adults’ money skills, available in Welsh and English
Guide
Wales
Free
Money WorksOpens in a new window (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 modulesOpens in a new window (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 PeopleOpens in a new window (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 AwardOpens in a new window (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 DoshOpens in a new window (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 WebinarsOpens in a new window (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
Contact our partnerships team
Contact our regional partnerships team to find out more about our work to improve young people’s financial wellbeing and discuss how MaPS can support you to improve the financial wellbeing of your employees.
Based near you, our partnerships teams can help bring your organisation an understanding of some of the local financial wellbeing challenges.
If your organisation has multiple sites, please contact the regional manager closest to your head office.