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Home help with financial education from Leeds Building Society

Leeds Building Society is helping more families to add financial education to their home-schooling timetable by sharing new learning resources with its members, colleagues and communities.

The Society started piloting financial education sessions for Leeds schoolchildren at the end of last year and was keen to roll out the programme further so more pupils could benefit.

This had to be postponed due to the current coronavirus pandemic so the worksheets - developed by the Building Societies Association (BSA) and Young Money* - have been redesigned and are downloadable for home school use.  

More information on the resources can be found on the Society’s website here.

“Our initial financial education sessions were really popular with pupils and the colleagues who volunteered to lead them,” said Nick Young, who chairs Leeds Building Society’s Corporate Responsibility Steering Group.

“We’d been looking forward to going out to more schools and, while this isn’t possible at the moment, wanted to be able to carry on the programme and also offer parents and carers a little help with keeping youngsters occupied while they’re at home. Young Money has done a great job distilling important learning into a bite-sized format and we’re keen to share it far and wide. 

“Our business was founded by people who realised working together to manage their money would empower them in other ways, and understanding your finances remains a vital life skill everyone should learn.

“Financial education goes beyond maths – our resources are designed for children of different ages but there’s nothing to stop adults taking a look too and testing themselves on what they know.”

The materials are suitable for children at Key Stages 1 to 4 of the curriculum, and were developed in partnership with teachers by Young Money and the BSA.

The updated versions of the worksheets include tips for starting conversations about money and guidance for parents and carers on the exercises. These cover topics such as budgeting, setting savings goals, keeping money and identity safe, and understanding the difference between financial wants and needs.

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Notes to Editors

*Young Money, the financial education charity which is part of Young Enterprise, and the Building Societies Association (BSA), the body representing UK building societies, have launched a set of financial education materials for children, parents and carers to use while schools are closed.

 

Leeds Building Society operates throughout the UK and had assets of £20.8bn at 31 December 2019 (£19.4bn at 31 December 2018). The UK’s fifth-largest mutual has its head office in the centre of Leeds, where it has been based since 1886.

The Society won the title of Best Shared Ownership Mortgage Lender in the 2019 What Mortgage Awards, its fourth consecutive year of success in this category. It also received a Gold Ribbon from Fairer Finance for savings accounts for the third year running, based on customer happiness and trust, along with the ability to explain things clearly.