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|The One Advice Group rolls out financial education game across local schools|
|Wednesday, 18 May 2016|
The One Advice Group (OAG) has developed a financial education game to engage students, of a variety of ages, about financial responsibility, as the Group continues with its commitment to Financial Education for Future Generations and its programme with local schools.
Financial Education for Future Generations is about helping students to be money wise and to understand the consequences of lending and spending so that they can make positive financial choices as they get older.
Employees from across the Group came together and used some of their two hours per month Continuous Personal and Professional Development time (CPD) to devise a board game, PayDay, which introduces to the students “real life” financial scenarios. These include managing a monthly salary, paying bills, making choices about the affordability of leisure activities, calculating interest on loans, dealing with unforeseen expenses, savings options and managing windfalls.
Every time they pass go, players are given a monthly salary of £1,600 each, and as they travel around the board they are faced with different financial situations to manage, requiring them to also solve problems and use their maths skills in a fun and engaging way. The winner is the one with the most money left at the end of the game.
Head of Marketing for the Group and September’s Mosaic Mentor of the Month, Jodi Hamilton commented; “Colleagues wanted to use the expertise and support they offer customers every day to create material for the financial education programme and as a result they also developed their team work, communication, problem solving and collaborative skills. It’s provided the perfect opportunity to offer learning and development for colleagues whilst we fulfil our commitment as a responsible business to the local community.”
In support of Manchester Airport Group’s (MAG) and BW3 Numbers’ at Work initiative, the game has been played at Sandilands Primary School and St John Fisher / Thomas More Primary School. The feedback was so encouraging that the One Advice Group has been invited to roll it out to more local schools in the Manchester area.
Furthermore, as part of the Business in the Community Mosaic mentoring programme, Newall Green High School sixth form students played PayDay, forming part of the programme developed by the Prince’s Trust to prepare young people for the world of work.
Lastly, children at Benchill Primary School showcased the game at the Creditor Conference, organised by Harrington Brooks, part of the One Advice Group, so that representatives from the creditor world had the chance to see the value of financial education in action. The conference took place on March 24th at the Renaissance Manchester City Centre Hotel.
The next PayDay session will be Business in the Community’s nationwide Give & Gain Day on 20 May, when another 100 students will play the game supported by volunteers from the Group.
Matthew Cheetham, Chief Executive of the One Advice Group, said: “The One Advice Group is committed to helping young people to think about their own financial wellbeing. We have already supported a variety of schools with their financial education programme, and we hope that this PayDay game goes one step further in helping school children understand about the need for effective money management. We look forward to working with more schools and local organisations to roll this game out further.”
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