We recently commissioned a contract with The Money House and need referrals for anyone you think would benefit from the service. Here are the details:
What is The Money House?
The Money House has come to Haringey! We are a 5-day training course to help young people become savvy for independent living. Covering all they need to know about household costs, tenancies, utilities, avoiding eviction, budgeting, borrowing, banking, how to boost your income and much more – young people will feel leaving on top their bank balance, and their future. There are no lectures, no judgments, no tricky maths- just straight up, fun and easy to understand money tips and money talk. As so many of our young people say, “ ‘y’all was amazing, I thought this was gonna be boring!”
Young people will gain a Level 1 accreditation in Personal Money Management to add to their CV and we will reimburse travel and lunch at the end of each day. The Money House has proven impact on improving young people’s tenancy sustainment, financial confidence and money management.
Where is The Money House?
The Money House is located at Flat E, 200 High Road, N15 4NP in South Tottenham. Sessions take place in a real flat, not a classroom, immersing young people in a typical flat they might aspire to live in when they get their own tenancy. From reading a meter to doing an inventory to comparing food costs, the setting helps bring money management and independent living to life. Find out more and hear about it directly from young people here: https://www.mybnk.org/our-work/financial-education/the-money-house/
What do I do next?
Email the moneyhouse@mybnk.org to be registered as a referrer and let us know if you want to attend our next virtual taster session.
After the Money House
For young people that need further 1:1 support after completing The Money House, Settle is a partner charity that aims to prevent youth homelessness by running a 1:1 tenancy support programme with young people aged 18-25. The programme can last between 1-6 months and includes weekly 1:1 sessions with the young person in their home, or online in the social distancing period. The programme covers three main areas: tenancy, lifestyle and money that feed into being able to sustain a successful tenancy.
Once a young person has completed The Money House, they can be referred to Settle for a fully funded place at the point of move-on or within 1 month of moving into independent living.
If any of your young people have completed The Money House, are close to move-on and would benefit from 1:1 support, please complete an online referral form: https://www.tfaforms.com/4830792.