30 employees from local businesses Legal & General and Family Investments went back into the classroom recently to help prepare the next generations of savers for their working lives.
Working with year 10 students fromHovePark the employees guided the students through a range of activities – presentation, discussion and practical exercises – to help them think about such things as earning their first salary and necessary expenditure such as taxes, food and rent. The employees share their own experience of money and ensure that students feel more confident about money management and in tackling the challenges they will encounter as they start to enter the world of work.
The ‘Money, Money Money’ programme – which is delivered by professional facilitators from Magnified Learning - has successfully helped nearly 3000 secondary school students around the country learn more about how to handle money and some of the challenges they’ll face as adults.
The Mayor, Bill Randall, visited to the school to see the programme in action.
Frances Borrer, CSR Manager at Legal & General said, “We are delighted to support this programme which began atHoveParkand is now a key part of our social purpose as a business. Not only do the students learn more about the challenge of managing their personal finances as they move into adulthood, our employees get an opportunity to develop their communication and presentation skills, whilst making a real difference in the community.”
The Headteacher, Mr Derek Trimmer, said, “At Hove Park school we put Students’ achievement first. It is great to see the Business community and school working together in this way. This programme offers a really valuable experience for all of our students as it helps them prepare for real life. I have to say, the atmosphere around the school today has been tangible as students, staff and employees from Legal & General, Family Investments and Magnified Learning all work together to raise aspirations and push levels of achievement even higher. We are really grateful to all three businesses for making this possible.”
Aroop Tanna from Magnified Learning added “In devising this programme we were extremely confident that putting people in the classroom whose job is to help their customers protect and grow their money, could make a huge difference to the lives of young people. For the students that have participated in Money, Money, Money so far, we have seen their confidence levels in money management skills shift from 53% at the start of the day to 94% by the end. The employees have also benefited hugely from the programme with 95% of employees agreeing they would recommend the programme to colleagues.”