Money for Life Challenge: all competitors at the Wales Final 2014 held at Welsh College of Music and Drama with host Jason Mohammad

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. 

Money for Life Challenge 2015

The Wales National Final 2015, held at the Doctor Who Experience in Cardiff, saw 11 teams in the final stage of the competition. Congratulations to team D.O.S.H – (Defining Our Spending Habits) from Acorn Learning Solutions, who won the Wales title, and team Gym Value for Money from Coleg Gwent, who won the People's Prize.

Watch the highlights of the day:

On a roll, team D.O.S.H went on to compete against the winners from the other UK nations at the UK Grand Final in London on 28 May - and won the UK title, too!

Legacy Grants

The 51 National Finalists from across the UK have been given an opportunity to develop their projects further through applying for a legacy grant.

The legacy grants 2015 will see the close of the Money for Life Challenge.

CollegesWales' Rachel Dodge, manager of the Money for Life Challenge in Wales, considers here the highlights and achievements of the Challenge.

Social Media

There are lively feeds and discussions on social media. In particular, take a peek at:
The Money for Life blog andFacebookpage.

On Twitter:
Use #moneyforlifeuk to join in!

Money for Life Qualifications

Click here for information on the Money for Life Qualifications. Book a place on a 'Teach Others' or 'Teach Me' course. Registrations are open now.
ColegauCymru, Uned 7, Cae Gwyrdd, Greenmeadow Springs, Tongwynlais Caerdydd, CF15 7AB. Ff: 029 2052 2500
CollegesWales, Unit 7, Cae Gwyrdd, Greenmeadow Springs, Tongwynlais Cardiff, CF15 7AB. T: 029 2052 2500