MyBnk- The Money House

London

CareersEmotional WellbeingResilience

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Key facts:

Format: Monday-Friday, 10.30am-3.30pm. A one day workshop can also be delivered. Non residential.

Target group: 16-25 year olds.

Group size: 4-10 young people.

Topics include:

Tenancy agreements Rights & Responsibilities.
Cost of moving in.
Avoiding eviction.
Paying household bills.
Choosing utility providers.
Banking – Accounts & Savings.
Borrowing safely.
Budgeting – Weekly & Monthly.
Spending habits – Good & Bad.
Shopping – Offers, consumer rights.
Benefits – Entitlements & Universal Credit.
Online safety and spotting scams.
Risks of money muling.
What’s next – Planning for the future?

Sessions also provide:

Extra support to understand benefit changes and implications – Universal Credit; LHA Housing Benefit Cap.
Digital skills to help them navigate the financial maze and make the most of their money – Open Banking; comparison websites; changing utility providers etc.
Signposting to relevant services that can assist young people further if required – StepChange; ChangeGrowLive etc.

Eligibility

Housing: For those eligible for social housing, accessing housing support from their local authority (LA), or moving into independent living in the private rented sector.

Already a tenant or has expectations of a tenancy: Living in LA supported housing, LA temporary accommodation, bidding for own social housing tenancy, accessing support from LA to help them into private or social housing or moving into private housing independently.