Financial education cannot be seen in isolation from the rest of a child’s life and is influenced by everyone they come into contact with. Credit unions, churches, and other community organisations have an important role in supporting the work of teachers and parents, by extending children’s learning beyond the school gate and reinforcing messages about the good use of money. The success of LifeSavers’ whole community approach depends on the active involvement of all of these groups.
Giving children a real-life experience of handling their own money and saving with a local credit union is particularly valuable in developing good habits and practices from an early age. Credit unions are natural partners for schools, being local organisations run by and for the benefit of the local community.
LifeSavers builds on the experience of a number of successful local savings club schemes operated by credit unions across the country, and the success of our pilot scheme. We want to support more primary schools to set up their own savings club, by:
Many credit unions are keen to work with schools, but it is crucial that this is done in a way that is cost-effective and sustainable in the long-term, and that supports other core priorities. Here are some of the benefits envisaged by the credit unions we are working with:
If your credit union is interested is starting up or expanding a local savings clubs scheme, then please get in touch to find out how we can support you.
Learning how to use money well, whether in avoiding crippling debt or being generous to those in need, is a crucial life-skill, especially in a culture which places such a premium on what we have and on what we can buy. Supporting financial education in schools is a great way for churches to serve their local community and build stronger links with schools, credit unions and other local organisations.
Helping children to develop a wise, generous, thankful, and just attitude to money is at the heart of the LifeSavers programme, and closely aligned with the broader mission and teachings of the Church. There are lots of ways that local churches can get involved:
If you are interested in finding out more about LifeSavers and how your church can help, then please get in touch.
“Getting involved in financial education in schools is not a distraction from the core business of the Church; it is an essential response to the words we say in the Lord’s Prayer, “your kingdom come, your will be done, on earth as in heaven”
The Rt Revd Jonathan Gibbs, Bishop of Huddersfield and Chair of the LifeSavers Steering Group.Read his blog about LifeSavers here