Money Management Workshop

Overall Plan for the Day 9:30 - 9:45 – Registration 10: :30 – Aim 1 Money Bags 10: :00 – Coffee Break 11: :30 – Aim 2 Bank Accounts 11:30 – 12:00 – Aim 3 Daily Spending 12:00 – 12:15 – Start Evaluation 12:15 – 1:00 – Lunch 1:00 – 1:30 – Aim 3 The Spent £1 1:30 – 2:30 – Aim 4 Loans and Risks 2:30 – 3:00 – Feedback & evaluation

Aims of the Day 1.Together explore awareness of basic money management. 2.Give you basic information on economic principles. 3.Share basic information on daily spending. 4.Understanding of the risks and returns in money management.

Weekly income : £20 Weekly expenditure : £19.50 Result ? = happiness = Weekly income : £20 Weekly expenditure £20.50 Result? = misery =

Profile of 17 Attendees Do you know how much money you gave in your purse Up to a £1, n=3 Up to a £5, n=8 No idea, n=6

Profile of 17 Attendees At the end of the week have you Spent most of your money, n=7 Spent all or more, n=6 No idea, n=4

Profile of 17 Attendees Do you save money Yes, n=3 When I can, n=9 Never, n=5

Before and After Knowledge Age when a bank account can be open Before the workshop After the workshop

Before and After Knowledge What proof of identity is needed to open a bank account Before the workshop After the workshop

Before and After Knowledge How much does it cost to open a bank account Before the workshop After the workshop

Before and After Knowledge What is a Credit Union? Before the workshop After the workshop

Before and After Knowledge What is a Secured Loan? Before the workshop After the workshop

Before and After Knowledge Arithmetic Question: Calculation of 10% Before the workshop After the workshop

Before and After Knowledge Arithmetic Question: VAT as a % Before the workshop After the workshop