About Us
Why we do it?
Everyone needs to be able to manage their money.
But for young people the inability to do so has serious consequences; it is easier to fall into debt, be scammed, make uninformed decisions and establish bad money habits.
2022 was dubbed as ‘the year of the squeeze’ with an average household £1,200 worse off than in 2021. Without knowledge of financial concepts, products or the economic state they are about to enter, how can today’s young people thrive as adults tomorrow?
Higher incomes, consumer protection and better products are all important for improving financial wellbeing, but it is essential young people are educated and equipped to make the right money choices for themselves. There are many sources of tips and guidance but much is irrelevant, of un-proven impact or linked to selling.
Through the delivery of impactful and evaluated financial education, MyBnk can help to break these cycles for young people as they transition into independence.