Five Teams Ready for Money for Life Challenge Wales Final
Five teams of innovative young people from across South Wales are in the running for a prestigious national award after impressing judges in the first round of the Lloyds TSB Money for Life Challenge, a competition designed to inspire better money management skills.
The teams are now gearing up for the Wales final at Cardiff City Stadium on April 23 where they will showcase their inspiring money management projects, which are having a positive impact on their local communities, families and friends.
The Wales finalists are:
Quit and Sav£, a team of 16 to 18-year-olds from The College Ystrad Mynach who have identified the money saving opportunities and benefits from cutting down or quitting smoking.
Grow and Save, a team of 17 to 19-year-olds from ITEC Training Solutions, Cardiff, whose community based project aims to encourage people to grow their own fruit, vegetables and herbs to help them save money.
Sk8 Swap Shop, a team of 16 to 23-year-olds from Carmarthen Youth Project, who promote money management through a swap shop, inviting members of the community to their event to swap their stuff.
Rampart Rebels, a team of 16 to 19-year-olds from Employment Training Centre in Swansea, whose project aims to inform the public about loan sharks in the city.
Swimming with the Sharks, a team of 16 to 17-year-olds from Neath Port Talbot College, who are raising awareness of the dangers of lending money from loan sharks and providing information on alternative ways to borrow money.
The teams will present their projects to a panel of judges at the Money for Life Challenge Wales final and the winning team will go on to the UK Grand Final in London on May 23 and receive £1,000 to donate to a charity of their choice and £50 shopping vouchers for each team member.
The winning team at the Grand Final will win £2,500 for a charity of their choice, £100 of shopping vouchers for each member and a Lloyds Banking Group mentor. There will also be an overall People’s Prize winner selected by guests at the event.
The Welsh finalists will be hoping to emulate the Don’t Buy Posh – Save Your Dosh team from ACT Training Bridgend, who were Wales and UK champions in 2012.
Sarah Porretta, Head of the Money for Life Programme at Lloyds Banking Group, said: “The Money for Life Challenge is a great way of empowering young people to manage their money well through supporting others with the exact same skills.
“Now in its second year, the calibre of the projects never ceases to impress and what’s most striking is the creativity and passion shown by the young people in bringing their original idea to life to make a real difference in their communities.”
Money for Life Challenge is part of the Money for Life programme, a unique partnership between Lloyds Banking Group and further education sector partners in the four nations of the UK, including ColegauCymru/Colleges-Wales and the National Training Federation for Wales. A total of 250 projects across the UK received a £500 grant to run a Money for Life Challenge project this year.
The competition aims to find the most successful and innovative ways to improve the money management skills of learners, their friends, families and communities. Team members are between 16 and 24 years old and in further education, work based learning or adult community learning.
For more information on the Money for Life Challenge, please go to moneyforlifechallenge.org.uk, or join us on Facebook at www.facebook.com/moneyforlifeuk and on Twitter at www.twitter.com/moneyforlifeuk