Monday, 08 March 2010 20:45 Young people across 75 FE colleges in England are being given a crash course in how to manage their finances as part of Money Week (8-12 March).

National Skills Academy Financial Services (NSAFS), the independent education charity, is promoting a series of fun events to boost learners' financial literacy and money management skills.

"Money Week is a great opportunity to raise awareness of and help develop the financial capability of young people in the UK," says Sylvia Perrins, chief executive of NSAFS.

"Our education establishments play a fundamental role in shaping the future and the work being done to support the development of a more ‘money-minded’ nation is commendable."

The campaign is part of Money for LiFE, the Further Education scheme of the Financial Services Authority's (FSA) National Strategy for Financial Capability. The programme is being managed and delivered by NSAFS, enhancing the financial capability of more than 30,000 young people during this academic year.

Ms Perrins continues: "The ongoing challenges in our current economic climate serve as a poignant reminder that the financial decisions we make, personally and nationally, are of utmost importance. Personal finance is a key skill which we believe should be taught from a young age to assist, maintain and strengthen the development of our financial services industry."

Money Week will see colleges host events ranging from budget menu competitions to fashion shows where all outfits are made for £10.

Susannah Fairbairn

(Pictured: NSAFS chief executive Sylvia Perrins)