12 APR 2012

Young people share top money tips with MP Jack Lopresti

MP Jack Lopresti has met a group of inspiring young people to learn about an innovative new money management project in Filton, South Gloucestershire.

The young people from Independent People have agreed to train to become Barclays Money Skills 'champions' as part of a pioneering money management project for 16 to 25 year olds.

The Barclays Money Skills 'champions' project is designed to build the financial skills of 5,000 young people who are not in education, employment or training, and equip them with the tools to share this information with their peer group. The young people involved receive two days of comprehensive training, as well as resources and ongoing support to help them throughout the project. Through this model the network of 5,000 nationwide 'champions' will reach up to 100,000 of their friends and peers.

During his visit Mr Lopresti spoke to some of the 'champions' and gained an insight into the informal education techniques they will be using to pass on their knowledge to their peers to improve their financial capability.

Jack Lopresti said: "It is fantastic to see these young people taking control of their money, and building the skills they need to ensure a secure financial future. It is even more impressive that they are committed to helping their peers by sharing this information with other young people in similar situations."

Barclays Money Skills 'champion', Michael Fautley explained what it means to have this role: "I never seemed to have any money left at the end of the month and I knew that I needed to make some changes with how I was managing – but I didn't know where to start! By becoming a 'champion' I have really begun to get myself sorted. I'm feeling in control for the first time, and happy to share what I have learnt with my peers."

The Barclays Money Skills 'champions' project is run by Barclays, the National Youth Agency and a number leading youth charities including 1625 Independent People, Rathbone, Citizens Advice Bureau, Youth Access, UK Youth and YouthNet.

For further information visit www.barclaysmoneyskills.com/champions.

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