8 March 2010: NSAFS help learners gain“cash control”
Independent education charity, the National Skills Academy Financial Services (NSAFS), is promoting financial literacy and money management skills during“Money Week” at further education colleges (FE) across England.
A series of fun, targeted events across 75 FE colleges will run during Money Week, which launches from 8 - 12 March, helping highlight the importance of assisting young people in becoming more“money-minded”.
Money Week forms part of“Money for LiFE”, the further education project of the Financial Services Authority”s (FSA) National Strategy for Financial Capability. NSAFS manages and delivers the programme across England, aiming to enhance the financial capability of over 30,000 during this academic year.
“Money Week” will include events such as budget menu competitions, how to “dress for less”, with a fashion show of outfits all made for 10 as well as details on how to make savings on transport, healthy eating and running a car. Learners can also become involved by attending more financially focused activities including targeted talks and tutorials focusing on understanding and resolving financial difficulties, sessions with local bank representatives or making a“money pledge” - a commitment to managing their money better.
Sylvia Perrins, CEO, NSAFS said:
“Money Week is a great opportunity to raise awareness of and help develop the financial capability of young people in the UK. Our education establishments play a fundamental role in shaping the future and the work being done to support the development of a more“money-minded” nation is commendable.
“The ongoing challenges in our current economic climate serve as a poignant reminder that the financial decisions we make, personally and nationally, are of utmost importance. Personal finance is a key skill which we believe should be taught from a young age to assist, maintain and strengthen the development of our financial services industry.”
The National Skills Academy for Financial Services offers national centres of excellence in education, skills training and development, working in partnership with employers to develop a workforce with the knowledge and skills they need to help service their customers” financial needs.
Since launch in May 2007, NSAFS network has grown from four to over 20 training providers that are now located in seven regions. For more information, visit: www.nsafs.co.uk