For the majority of young people the late teenage years and early adulthood are times of transition and change.

We think that this is a period of hope and opportunity, but for many it is characterised by great uncertainty.

A regular income and access to credit or savings is really important as a means to security and opportunity and its absence makes saving money more difficult. Those young people who have limited access to credit, savings or income are more vulnerable, particularly families with low incomes/ parents out of work and young people with experience in care or on the edge of care.

We are working to understand the role that young people’s personal and social development plays in their life chances.  There is a growing body of evidence that shows they are as important as formal qualifications in supporting young people’s life chances.

Some young people live chaotic and complex lives – coping with difficulties and challenges can have a huge influence on their ability to manage daily transactions and decisions.

Financial education

Financial education is now on the national curriculum. NYA believes this basic introduction needs to be followed up when it is of greatest relevance – at key moments in young people’s lives.

Key points at which young people should receive financial education include:

  • Starting an apprenticeship
  • Leaving care
  • Starting work
  • Moving into independent accommodation

We need to see investment in services of this kind as of long-term benefit –by creating an improvement in young people’s financial skills we are able to save costs later on – for example in sustained tenancies or apprentice completions.

My Money Now

NYA is working with the Money Advice Service’s What Works Fund to improve the financial know-how of young people taking their first steps on the career ladder.


We’re developing free, interactive sessions and workshops for young people who are embarking on training or an apprenticeship, to help them understand more about budgets, spending and debt. Many of these will be peer-led and delivered by young people. Read more here.

Barclays Money Skills  

NYA worked with Barclays and a wide range of voluntary sector organisations to train young people as peer educators, reaching  over 120,000 young people by training 5,000 ‘money champions’.

Young people were not advisors and knew the Barclays Money Skills logolimits of their role, but they were highly effective in having engaging conversations with their peers about money – phone contracts, simple budgeting techniques, risks of store cards etc. and then refer their peers on to experts.



We’ve recently taken Money Skills to Mozambique – training 1,500 peer educators who have passed on their financial know how to more than 45,000 young people. Read more here.


  • Over 5,200 young people were trained as ‘champions’.
  • Champions passed their knowledge on to 121,000 young people.
  • Over 700 Barclays employees volunteered to support and deliver training.
  • More than 230 partners connected in to the programme.


young people received financial education on our programme


On Monday we held a Guidance livestream!

You can watch it back to get all the latest info on the sector's route out of lockdown here:

Congratulations @Leicester_News, @BezMartinYthWrk, @raakheevaria and everyone involved!

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