What is Broke!
Broke! is a programme designed to encourage young adults aged 16 to 24 years old to be financially savvy. The programme supports those trapped in debt or struggling with the costs of living; it builds self-belief and skills to move toward successful independent living.
Who can take part?
Anyone aged 16 to 24 years old who has moved or is moving into independent living. Please note, places are limited so register now!
How much does it cost and what’s in it for me?
The programme is FREE and on completion of the four-part course a Credit Union Savings Account will be opened in your name and £100 deposited into it. In addition, you will also receive a range of accredited money management certificates in Personal Finance, Budgeting and Managing on a Low Income.
What does the programme involve?
Broke! combines group work activities, discussions, lots of examples and sharing stories. The content of the course includes:
- Week 1 – Budgeting and Debt: attitudes towards money, wants and needs, cutting back, personal budgets, options for managing debt.
- Week 2 – Bank Accounts, Savings and Investments: different ways to save, know the different types of bank accounts and understanding financial jargon, ways to pay, credit unions.
- Week 3 – Being Independent: stretching your dosh, energy saving tips, how to rent safely & successfully.
- Week 4 – Moving on: reading bills, unlicensed money lenders (loan sharks), looking forward, setting goals, who can help me?
How will the course help me?
- Develop your money management skills
- Increase your self-confidence in managing your money
- Produce a budgeting plan
- Understand the dangers of illegal money lenders and know where to obtain affordable credit
- Have a better understanding of your rights and responsibilities when entering a tenancy
- Have the opportunity to meet with a Citizen Advice Bureau Personal Advisor to get valuable advice about your financial position
How to apply...
Go to the registration page (new window)
The final day for registration is Wednesday 24th February 2016.
Buckinghamshire County Council provides support and guidance to young people. In order to do this, we hold and process personal information or data, relating to these young people. The Data Protection Act 1998 and the Education and Skills Act 2008 allow us to do this in order to provide an effective and efficient service. This form will be kept in a safe and secure location for one year.