YouthBank gets MoneySense ...
A new financial learning fund, worth €150,000, is being provided for YouthBanks as part of Ulster Bank’s initiative, helping young people to be more confident about managing money and dealing with financial organisations.
In partnership with the Irish Youth Foundation, the Community Foundation for Northern Ireland and The Community Foundation for Ireland, the Bank has supported the development of the YouthBank movement in Ireland over the past three years, enabling hundreds of young people north and south to become active citizens as they assess and award grants for youth-led projects in their local communities.
This Financial Learning Fund has developed new financial learning resources for youth groups, and will fund a range of youth-led projects to promote financial literacy throughout the island of Ireland.
Sarah Dempsey, Head of Communications and Corporate Sustainability, Ulster Bank Group, commented; “Understanding and being confident about managing money is a crucial life skill for young people"
"We hope the MoneySense programme will help not only YouthBank committee members themselves to improve their own level of confidence in making financial decisions, but also to influence their peers and create wider awareness of the benefits of budgeting and managing money” .
Vernon Ringland, YouthBank Co-ordinator commented; "In the current economic climate, ensuring young people have a firm understanding of money matters is more important than ever before"
The YouthBank MoneySense initiative fits well with the grant-making work of the YouthBank committees.
Being able to take control of their own finances is critical to help young people to take control of their lives.
Liam O’Dywer Chief Executive, Community Foundation of Ireland added; "The Irish Youth Foundation is hugely enthusiastic about MoneySense as it offers new and important developmental opportunities to young people participating in YouthBank.
"Most importantly, MoneySense prepares young people for independent living and for many of the everyday money decisions they will face as young adults’
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