Joanna Jarvis

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MYFLIP Financial Education Programme

• Joanna Jarvis

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What is MYFLIP?

• Midlothian Youth Financial Learning Inclusion
  Programme
• MYFLIP Financial Education Programme
• Aims To educate young people in money management
  and provide opportunities to open a Bank Account
  and or a Credit Union Account.
• This project is delivered by Midlothian Financial
  Inclusion Network in partnership with Midlothian
  Council. Funded by Department of Work and
  Pensions.

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Did you know!

• 1,666 people made redundant daily
• 796,000 unemployed for gt 12 month
• 9,000 new debt problems dealt with by CAB each
  day
• 57,789 average household debt
• every 14 minutes a property is repossessed
• every 3.78 minutes someone will be declared
  insolvent or bankrupt
• www.creditaction.org.uk (Sept 10)

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MYFLIP Financial Awareness Budgeting

• Joanna Jarvis

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Session Plan

• Welcome and Introductions, Group Agreement
  Course Expectations
• Show me the money! Coin Game
• What sort of Money Manager are you?
• DVD Attitudes to Money
• Where does your money go?
• Personal Budgeting Budget Project - Furnish
  your room for 500
• Further Information

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Getting Started

• Paired Introductions

• Group Agreement Expectations

• What would you do with a Million pounds?

• What do you want to gain from participating in
  this course?

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What sort of Money Manager are you?

• Spender

• Saver

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Attitudes to Money DVD
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Show me the money!
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Needs and Wants

• Where does your money go?
• What happens when you dont have any money?
• What about Saving?

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Personal Budgeting

• Income

• Expenditure

• How much is coming in?

• How much is going out?

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Budget Project

• Furnish your bedroom 500

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Further Information

• Websites providing information on budgeting and
  tools to help you calculate your own budget
• www.moneymadeclear.org.uk
• www.doughuk.com
• www.learnaboutmoney.org
• www.shelter.org.uk
• www.mny-mny-mny.com
• www.youngscot.org