Community Outreach Teaching Financial Capability & Skills

Personal finance can be a sensitive issue, and the stigma people feel when asking for help is often another barrier. There are 13 million people in the UK who do not have enough savings to support them for one month if they experienced a 25% cut in income, so learning the basics of money management is vital. The flexibility of LiFE meets these needs and allows everyone to access financial education on their own terms.

Community Outreach diagram

LiFE meets the needs of families who may be time poor as well as struggling to make ends meet on a low income, benefiting both parents and children. With almost half a million additional people who are likely to be in poverty by 2020/21, financial education is a crucial skill to help resilience, and build confidence and understanding.

One in six people in the UK are in debt. Our aim is to reach the most vulnerable people in our society, to give them the finanacial skills and confidence they need in dealing with money and financial products.

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The number of people in poverty in a working family is 55% Monitoring Poverty and Social Exclusion 2016 Report Joseph Rowntree Foundation

Learning

LiFE gives people the foundation of knowledge and financial skills to make safe financial decisions in a changing economy, especially with huge changes such as the rollout of Universal Credit, addressing the increased pressure on vulnerable young people and adults who are facing financial exclusion.

LiFE is accessible for all, and can be tailored to the needs of any learner, building confidence and independence in a comfortable and flexible environment.

Whilst learners gain crucial financial education, working through LiFE will also improve their numeracy, literacy and digital abilities, helping them to prepare for the workplace or further education.

Find out more about LiFE

LiFE is....

Easy to start
Learners can be registered at any time and require no expert teaching.

Broad
Literacy, numeracy and digital skills are improved alongside learning about managing money.

Accessible
Designed with SEND in mind with additional resources to ensure that the programme is accessible for all.

Flexible
Can be paused and replayed at anytime, and accessed anywhere with an internet connection.

Relatable
Uses real life examples and scenarios that will be familiar to learners, enabling them to see the value of the content.

Innovative
Moves away from the traditional classroom environment.

No pressure
The formal qualification for LiFE is optional so learners can simply achieve a certificate of completion, without the stress of an exam.