SGN and MyBnk are empowering young people to make more sustainable and cost-effective choices when it comes to energy as part of Global Money Week.
Global Money Week 2023 is a global campaign on the importance of building the financial capability of young people running from Monday 20 March This year’s theme is “plan your money, plant your future”, focusing on sustainability and money. Research from financial tech company GoHenry shows 71% of children and teenagers worry about the rising cost of living, so we’re keen to help young people build skills, knowledge, and confidence around these topics from an early age.
With support from gas distribution networks SGN, Cadent, Northern Gas Networks and Wales & West Utilities, financial education charity MyBnk has developed a ‘Fuel Finance’ programme for 9-to-11 year olds. It adds an additional session to MyBnk’s flagship ‘Money Twist’ financial education programme for schools, helping them consider the impact of energy consumption on both the environment and their cost of living. Students develop an understanding of real-world issues and practical steps they can take to help reduce fuel poverty.
The partnership will run for three years and aims to reach over 8,000 young people across the UK, focusing on some of the country’s most deprived areas. The programme also provides packs for children to take home, engaging the adults in their lives through family-led activities such as games and comic books.
Rebekah Young, Senior Fundraising Manager at MyBnk, said: “In the midst of a cost of living and climate crisis, learning about energy is more important than ever. With support from the gas networks, we can equip more young people across the UK with the knowledge, skills and confidence to manage their money and living costs, make more sustainable choices and stay safe in their homes.”
Kerry Potter, Group Social Impact and Vulnerability Manager at SGN, said: “Young people worrying about money shows how important education around using energy safely, efficiently and affordably can be. We’re delighted to be leading the partnership with MyBnk on behalf of the gas distribution networks to deliver our fantastic ‘Fuel Finance’ programme. It’s hoped the lessons they learn will be shared with the adults in their lives struggling with the cost of living crisis and that the skills they gain will prepare them for the future.”
