Southwark EBA is starting a new exciting programme focused on financial literacy. The first round of workshops has been delivered in collaboration with volunteers from Womble Bond Dickinson to year 12 and 13 students from St Martin in the Fields. These sessions aim to inform the sixth form students about everyday financial terms and queries they will come across once they leave education. The programme is designed to support young people with their future financial decisions and general financial awareness.
As part of the session our volunteers provide information and advice on issues such as how to budget and save money or how to manage debt. They also discuss with the class the difference between debit and credit card, point out the advantages and disadvantages of buy-now-pay-later offers and explain what different types of bank accounts are available in the UK.
The programme is not only beneficial to young people as it helps them develop their financial management skills but also to our volunteers who agreed to find the experience enjoyable and inspiring.
“The students at the workshops were fully engaged and interested in financial awareness. I wish when I was at school I had known what a credit card actually was, what my payslip looks like and why people talk about mortgages so much. It was a pleasure to share my skills as a commercial lawyer with the sixth formers who are starting to have their own money to spend and save. We had some fascinating discussions on what national insurance and tax are, why they are charged and why some things are so expensive!”
Alex Louch, Trainee Solicitor, Womble Bond Dickinson
“Financial literacy is an inevitable requirement of life – the EBA appreciates this by equipping our future citizens with vital financial management skills”
“The EBA is truly doing a fantastic job with our young people and it’s so fulfilling and inspirational to be a part of it”
Angela Lopes, Solicitor, Womble Bond Dickinson
This being the first round of financial literacy workshops the EBA team is delighted to see that it has been received with a positive response and is proud to deliver a programme that helps young people become financially literate and independent.
“The financial literacy workshops delivered to year 12 and 13 students from St Martin in the Fields were an enormous success. A huge thank you to volunteers who delivered the sessions for providing an insight into the legal industry and sharing their experience on managing money. We think it is important to educate young people on how to be financially literate and independent.”
Zubair Patel, Business Links Officer