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Young People

Mums and Money Management

A group of young mums from YASY secured funding sponsored by Lloyds Bank in October 2014 to participate in the Money for Life Challenge. We have used the funding to create and develop a bespoke money management toolkit for young teenage mothers in Sheffield.

The project made it to the national finals at Chelsea Football Club in London where the girls presented their project to a panel of judges and to the other teams, unfortunately we didn't win but everyone had a great day and it was a fantastic expereience.

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The MAMM toolkit compromises of:

1. A downloadable budget tracker - The tracker enables young mums  to track weekly income and outgoing expenditure, helping them to make informed decisions regarding purchasing, debt management and savings.

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The MAMM Budget  tracker has already helped young mums in Sheffield to save money by helping them prioritise what they purchase and enabling debts to be paid off by the weekly savings made, by not overspending on their budget enabling them to start saving for the future.

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2. A Mums and Money management leaflet that has been created to signpost key services available in Sheffield which provide financial help and support for young mothers living in the area.

 

3. A poster advertising the tool kit, to be distributed to local organisations accross Sheffield .

The toolkit can be downloaded below.