Financial literacy workshops boost confidence
With the launch of our extended Money Advice Project in January 2019 funded by the Money and Pensions Service, Citizens Advice Westminster has been delivering debt advice and financial literacy skills’ workshops to local residents. The aim is to educate and up-skill clients to better understand and manage their income and make better informed decisions about their money.
Matthew (pictured), our Financial Capability volunteer, also presented on budgeting and credit. Many of the attendees said they had not investigated budgeting before and therefore found the session useful, that they would do things differently, and that their confidence had improved. They also asked for more detailed sessions as they found the workshop had been an “eye opener” and both “useful and enlightening”.
In April the financial skills team also held a workshop at the Abbey Centre for its Health and Wellbeing Haven class on energy savings and utility bills The session was well attended and most people felt that after the session their knowledge and confidence had risen to 9/10.
In May the team conducted two workshops with the Marylebone Project – a partnership between the Church Army and Portman House Trust which provides 112 long and short stay beds for homeless women as well as education, training and support. The sessions were offered to women about to leave institutional accommodation and start living independently. As there is a steady turnover of clients, we will continue to offer regular workshops with the next two on Universal Credit and how to maximise income.
This project is having a very positive impact on the various groups we are meeting and we will continue to develop the programme over the year.