The Money for Life Challenge
The Money for Life Challenge is a UK-wide competition which provides small grants for 16 to 24 year olds to run a project to improve money management skills in their communities. The most inspiring and impactful projects progress to the National Finals and the UK Grand Final, with great prizes on offer.
The Challenge empowers learners in further education, training or community organisations to develop innovative, grass-roots money management solutions. Financial literacy is not part of the compulsory curriculum for post-16 learners but young people and their communities can be vulnerable without these life skills.
Born in Wales, the Money for Life Challenge was created by Lloyds Banking Group in consultation with further education and community partners across the UK.
It has been managed in Wales by ColegauCymru / CollegesWales. To help us achieve the widest reach possible in Wales, CollegesWales partnered with NTfW (2012-2014) and Youth Cymru (2015) and witnessed over 250 teams of young people getting involved by developing their own money management skills and raising awareness of financial capability in their communities.