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Lessons on how to save cash
11:00am Wednesday 21st August 2013 in News
ANDOVER’S 16- to 25-yearolds are learning to manage their cash and make the most of the summer season, thanks to a new financial capability project.
Test Valley Community Services is delivering Barclays Money Skills ‘champions’ to help some of the hardest-to-reach young people in the area get to grips with budgeting, saving and the world of finance.
Vikki Bealing, a project support worker at Test Valley Community Services, said: “I’ve seen young people use pay day lenders and credit cards so they don’t miss out on holidays and other activities, which can be risky if they don’t understand the responsibility.
“Through the training, we encourage the young people to come up with ideas to spend more wisely so they don’t have to borrow.
“From cheaper places to eat to discount codes for online shopping, they have really become enthusiastic about managing money.”
Barclays Money Skills champions is run in partnership between Barclays and a number of youth charities, including the National Youth Agency, UK Youth, Rathbone UK and Citizens Advice.
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