1. The Money for Life Challenge

2. What is the Money for Life Challenge? The Money for Life Challenge is a national competition to find the most successful and innovative ways that young people can improve their money management skills and those of their friends, families and communities. More than ever, being good at managing your money is one of the most important skills that young people can learn. So, whether they’re earning it, saving it or borrowing it, it helps to have some inside knowledge so they can make the best choices – right now and for their future.

3. How does it work? You and a team of young people can apply for one of 80 Welsh grants to run a money management activity in your community. Once approved, we’ll send you £200 to spend on bringing your project to life. Once you’ve submitted your project summary at the end of the Challenge, we’ll send a further £300 to cover the costs incurred by your organisation.

4. What’s in it for you? Once all the project submissions are in, the top eleven projects in each nation are shortlisted and the top five compete for the national title, and all eleven compete for the national People’s Prize. The national final winners will win a donation to charity and shopping vouchers.

5. National Final http://www.youtube.com/watch?v=l70q7u1B bK8&list=UUrN481oP_F3Y2c793TqzFXg http://www.youtube.com/watch?v=l70q7u1B bK8&list=UUrN481oP_F3Y2c793TqzFXg

6. UK Grand Final Representatives from the national winning team and the People’s Prize team also win an all expenses paid trip to London to attend the UK Grand Final where they will have the opportunity to win a further donation to the charity of their choice, as well as a Lloyds Banking Group mentor and more shopping vouchers.

7. http://www.youtube.com/watch?v=_4RHPGgS O2s&list=UU4siw0XFdj_mHbQ_EcgUeOw http://www.youtube.com/watch?v=_4RHPGgS O2s&list=UU4siw0XFdj_mHbQ_EcgUeOw

8. What next? To take part in the Money for Life Challenge, first off you need to get a team together. A team can be made up of between three and ten 16 to 24 year old learners from your organisation – and your organisation can enter up to five teams in total. A project sponsor can be any adult employed to work with young people at your organisation.

9. Your first step is to submit your idea online before the 21st November. The website has everything you need to help you.

10. The Money for Life website The website has everything you will need to bring your project to life. https://www.moneyforlifechallenge.org.uk/

11. Get inspired The project can address any aspect of money management you like, as long as the team can show how it helps the group in your community you’ve chosen to support. Last year’s teams tackled all sorts of issues, from devising a money board game to raising awareness of credit unions instead of payday loans in their community. All of our finalists were successful because they had an original idea that was based on their experiences and the needs of their community. Look around you for inspiration.

12. Support I am here to help you! I have lots of posters and guides we can post to you. I’m also happy to check your applications and come and support your teams. Follow me on twitter at @CollegesWales_R or email me at rachel.dodge@collegeswales.ac.uk rachel.dodge@collegeswales.ac.uk