or any of its affiliates and, may be subject to investment risk, including possible loss of value.ĭata as of March 2018. Securities and other investment and insurance products are: not a deposit not FDIC insured not insured by any federal government agency not guaranteed by TD Bank, N.A. Important Disclosure Regarding Deposit Insurance on Noninterest-bearing Transaction Accounts (FDIC) If you work with young people who would benefit from attending a course or want to find out more at one of our open days, please contact For any questions, please contact Money House Glasgow is funded by JP Morgan, SGN and The Quilter Foundation.Site Map | Privacy | Online Advertising | Security | Accessibility | Terms of Use | Bank Deposits FDIC Insured | Equal Housing Lender Those coming on the course can be referred by a range of stakeholders, including homelessness and young adult services within councils and housing associations and charity partners such as Barnardo’s. The Money House targets young adults about to move into social housing. MyBnk Scotland have been delivering money workshops in schools and youth organisations since 2019 and our Glasgow-based team have local knowledge and expert training to help them bring content to life for young people in Scotland. The challenges facing young people in Glasgow will be different to those in London, and the financial landscape certainly differs too: benefits, housing, jobs, entitlements and financial exclusion all require local knowledge. Each person facing homelessness has their own story, but the heart of the programme has stayed the same – preparing 16–25-year-olds for independence and tackling homelessness through targeted prevention, rather than waiting until young people reach crisis point. In Scotland more generally, 8525 youth homeless applications were made last year, around 24% of children are living in poverty and 70% of young Scots were concerned about their financial situation during the pandemic.Įach individual facing homelessness has their own story, but the heart of the programme has stayed the same – teaching young people how to live independently and lower the risk of homelessness through prevention rather than cure. In 2019-20 there were 6054 homeless applications in Glasgow, and a further 2557 households were in temporary accommodation. The decision to expand this project into Glasgow was driven by the clear need in the city. Courses are available both online via Zoom and in-person. Using games and activities, it brings money to life, clears up misconceptions and confronts bad habits and worries like debt. It focuses on survival money management skills, understanding systems, planning for the future and reducing financial exclusion. Over a week, a trained expert in a simulated flat environment in Glasgow, teaches participants everything they need to know to keep their tenancy. The Money House is an award-winning financial education service for 16 to 25-year-olds on the pathway to social housing – specifically targeting young adults in challenging circumstances, such as those leaving care. Following the success of four award-winning projects in London, The Money House has now expanded to Glasgow’s Hope Street. MyBnk’s Money House Project works to tackle youth homelessness through developing money management skills, with only 1% of Money House graduates ever being evicted. In the midst of a homelessness and cost of living crisis, research tells us one in three care leavers currently lose their first home and 83% of evictions are caused by rent arrears. Together with young people, we have created innovative, high impact and high energy workshops that bring money to life. MyBnk is a charity that delivers expert-led financial education programmes to 5-25 year olds in UK schools and youth organisations – directly, virtually and online. As The Money House project expands to Glasgow, MyBnk Scotland Partnerships Manager Gemma Orr talks youth homelessness in the city and how money management skills can help.
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