CHILDREN at a Carlisle junior school have taken part in interactive workshops to learn about the value of money.
Staff from The Cumberland building society treated Year Six pupils at Inglewood Junior School to an afternoon of activities as they were encouraged to think about budgeting, savings, and the cost of living.
For year six teacher Liz Cairns, learning how to manage money is a vital life skill - and the younger you start to understand the difference between wants and needs, the better.
“This course helps prepare children for the wider world, putting in building blocks for the future,” she said.
“It’s so important that children understand the cost of living and learn how to budget.”
The Cumberland has partnered with EVERFI from Blackbaud, a leader in powering social impact through education, to bring Vault, a financial literacy course, to primary schools across the region.
The course focuses on 'interaction, reflection, and real-life experience', and includes both online workshops and offline practical sessions to introduce children to money management.
Nyall Houghton, 10, hopes that he will make good choices as he grows up. “You need money to live a good life - but you have to make sure you spend it on the right things,” he said.
The event also gave children the opportunity to quiz representatives from the Cumberland in a Q&A session, including Cumberland CEO Des Moore.
“I’m impressed with the programme today. It’s been fantastic to be here, interacting with the kids, seeing what they are learning and the impact that could potentially have on their lives”, said Des.
Once a school has signed up for the free online course, they have access to it permanently, meaning it will continue to make an impact on students for years to come.
The workshop at Inglewood came as part of the second year of the partnership between The Cumberland and EVERFI from Blackbaud.
Jo Barlow, director of Corporate Impact UK & Europe at EVERFI from Blackbaud, added: “We are proud to see the continuation of our partnership with Cumberland Building Society make a difference to the lives of hundreds of young people, whilst driving meaningful impact in the local community."
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