Six young mothers in Derry were the first to take part in a money management course provided at Waterside Sure Start.
Tips on how to cope with the soaring cost of living and manage on a tight budget were offered to the young mothers thanks to a partnership between children’s charity Action for Children and Barclays.
Young people who may be struggling to manage their finances are being offered money management pointers at Barclays Money Skills workshops at Action for Children centres across the North.
Local project workers, John McGowan and Patricia Sheils, delivered sessions on getting started with budgeting, managing credit and debt, shopping around to get the best deal and understanding how bank accounts work.
Fiona-Jayne Hawkins, Project Manager at Action for Children’s Waterside Sure Start, said: ‘I heard about Barclays Money Skills taking place in Action for Children projects and was keen to get our staff at Waterside Sure Start trained to teach our young mothers group money management skills.
“The young women are at a stage in their lives where Barclays Money Skills is exactly what they need to keep out of money trouble and meet their financial responsibilities as mothers.”
The staff who completed the training also commented that they had learned much from the training that could help them to manage their money better.
Lucy, a member of the young mothers group, said: “I didn’t spend too much time thinking about my finances before but the course has helped me know more how banks work and about interest rates when thinking about taking out a loan.”