Principality Building Society has given £50,000 to seven schools in Carmarthenshire to help provide more than 1,400 students with financial education.

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The project will see money allocated evenly between Ysgol Y Strade, Bro Myrrdin, Coedcae, Bryngwyn, Glan Y Mor, St John Lloyds and Maes Yr Gwendraeth secondary schools in the region.

All of these schools form the Business Class Partnership programme cluster in Carmarthenshire and students will be able to achieve the London Institute of Banking & Finance (LIBF) L2 Certificate in Financial Capability and/or the LIBF LiFE qualification.

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Lessons will include household budgeting workshops, financial planning, insurance, pensions, as well as preparing students for adulthood and the world of work. Principality has already helped more than 10,000 students in Wales with financial education support in 2018, including almost 2,000 primary schools during Talk Money Week in November.

Steve Hughes, CEO at Principality Building Society, said:

“It’s more important than ever to be teaching our children and young people about finances, giving them the knowledge and skills to both appreciate money and manage it effectively as they grow up.

“We have a role to play in supporting our hard-working schools in helping to prepare children for life as adults and working life. I’m delighted we’re able to support the schools cluster in Carmarthenshire and hope this can be the first cluster of many around Wales.

“Principality colleagues across Wales see helping their local schools as an important way of immersing themselves in their communities. It’s what we stand for – helping people prosper at every stage of their lives and across all generations of families.”