Money for Life Challenge open to youth groups

16.09.14

The Money for Life Challenge is a national competition which provides grants for 16 – 24 year olds to run a project to improve money management skills in their communities. The most inspiring and impactful projects progress to the National Finals and the UK Grand Final, with great prizes on offer.

16 – 24 year olds, in a further education, training or community organisation, can set up a team and apply for one of 300 grants to run a money management project in the local community.

The sort of things you could do include:

  • helping people understand essential and non-essential spending
  • helping ensure your community makes the most of what it’s entitled to
  • bringing the community together to make them better money managers together by swapping things, teaching each other, sharing tips or bulk buying
  • what about teaching others about cost effective and environmentally friendly ways of growing their own vegetables and herbs?
  • helping the community know where to access appropriate money support and advice

The application deadline is 21 November. Before you apply you need to get a team of young people together, made up of between 3 and 10 people. Grants of £500 will be awarded to 300 projects. If successful, first you’ll be sent £200 to spend on bringing your project to life, then once you’ve submitted your project summary at the end of the Challenge you’ll get a further £300 to cover the costs incurred by your organisation.

There is a lot more information and tips on the Money for Life Challenge website.