Pupils benefit from lessons in finance

Furness Education and Skills Partnership Hornby deliver finance for FESP Evening Mail BMS Article
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SECONDARY school pupils across Furness were given a life lesson in finances when members of a leading accountancy firm dropped in.

JF Hornby & Co agreed to be a delivery partner for the Furness Education and Skills Partnership’s Build My Skills initiative earlier this year. Members of the team have just completed a tour of the area’s secondary schools, where they spoke to hundreds of pupils in Year 10 over the course of three weeks.

The sessions were delivered by accounts assistant Esther Klijn, accounts manager Paula Boyd, accountants assistant, Catherine Steur and senior accounts assistant Abi-Gayle Fearon.

Esther said: “It was great to be able to speak to the young people at so many schools and give them an insight into how they will need to be in control of their personal finances as they leave school and start their journey into adulthood.

“There is so much to be aware of when it comes to savings, salaries, bills and being responsible with money and as a leading accountancy firm in the area, we think it’s our responsibility to play a part in equipping young people with the knowledge they need.”

Earlier this year, new data highlighted that many young people are struggling to manage their finances.

The number seeking help with servicing debt increased by 205 per cent, rising from 951 in 2016/17 to 2,899 in 2020/21.

And figures show that in the last five years alone, the number of help requests received by the Financial Ombudsman Service (FOS) from 16–24-year-olds has more than trebled.

Managing Director of JF Hornby & Co, Paul Hornby, said: “Financial education is so important. The sessions we have delivered will not solve the very real problems linked to young people and finances. But they will start the conversation and encourage them to think about money management.

“We believe that the key to young adults having a positive relationship with their finances is offering them insight and support before they enter the world or further education, apprenticeships or employment.”

You can read the full article here

You can read the full article here

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