Young person’s Financial Health Check

The young person’s financial Health Check sought to directly engage young people by encouraging them to think about their financial health and offered a range of suggestions and tools that they could use to better equip themselves now and in the future.

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The project
June 2011 to September 2012
Project brief: 
The project sought to design and develop a young person’s online financial health check.
The funding
Funded by: 
Funder brief: 
Santander plc asked pfeg to develop a number of ideas for projects in which they could be involved in, aimed at the 14 plus age group, that were relevant to the intended audience and filled a gap in improving the financial knowledge and skills of young people. Out of the options presented Santander liked the idea of a young person health check as a way of helping young people to be equipped to manage, control and plan their finances now and in the future.

The project was to design and develop a young person’s (14-18) Financial Health Check to be used by the young people themselves by answering a number of questions via the online tool. This produced a number of statements or actions which the young people were asked to consider, reflect on or act.

The tool was to be non-judgmental and doesn't look at monetary values but is concerned with the attitudes and values of the young people. There is never a right or wrong answer as individual choices made by the young people will be based on their personal  circumstances, values, attitudes to risk and their aspirations.

The online tool could be used standalone by the young person or undertaken as part of a teacher led classroom activity. With the provision of a teacher guide, the teacher was supported with an overview of the resource, details of the outcomes and guidance on how the resource can be used. This flexibility  meant that the teacher could use a blended approach so as to deliver appropriate and relevant learning in the most effective way.

The financial Health Check provided young people with an indication of their financial personality, as well as a range of statements and suggested actions on how  they can improve their financial capability. 

The resource could also be used as additional learning in support of existing lessons (such as homework or guided learning) or as progression activity such as:

  • going to college sixth form
  • starting work, part time/full time or other life impacting events
  • as self learning for individuals (games, challenges, profiling)
  • as a focal point to direct young people to other websites as a result of undertaking the ‘Health Check’ which provides specialist knowledge, guidance or as a point of reference for research,  self analysis or a  tool to check and reflect on their attitudes to personal finance and their future preparedness.

The tool is available in the resources section.