December 1: Modern Young Finance – weekly round-up

1. PlayMoolah’s growing up, launches WhyMoolah to teach young adults about finance

Techinasia; Terence Lee, November 28

Singapore-based financial literacy startup PlayMoolah has today launched a new mobile app – a cross between The Game of Life and Cashflow.

The game, called WhyMoolah, takes an avatar through different stages of life, making financial decisions about buying a house, daily expenses, and marriage. Along the way, players get tips on the hidden costs of big-ticket purchases, budget balancing, and financial management.

2. Children and financial education: MasterCard facilitates

The Guardian; Anna M Zanghi, November 28

Mastercard is involved in several programs which aim to promote the economic and social livelihood of children, by focusing on financial education and inclusion.

3. MP praises new scheme teaching children about money and personal financescheme teaching children about money and personal finance

The Westmoreland Gazette; November 29

Rory Stewart MP has called for local schools to get their pupils learning about money.

It is part of a charity’s new campaign to help improve the financial capability of young people.

Every primary and secondary school in the Penrith and the Border are has been sent ‘Get Money Smart’ posters and teaching materials.

4. Anil Agrawal Brings a Financial Education Campaign to Ottawa for Canada’s Financial Literacy Month and Beyond

PR Web; November 21

Anil Agrawal brings the National Financial Educators Council’s Campaign to Ottawa to help promote a Financial Literacy Month and overall financial wellness.

5. Pupils to get lesson in managing money

This is Wiltshire; Dominic Gilbert, November 30

Pupils are being encouraged to learn about money management from an early age as part of a new campaign.

Ahead of financial education being added to the National Curriculum in 2014, Swindon MPs have thrown their support behind the Get Money Smart project which will provide free resources to teachers.

6. MP backs campaign to get pupils learning about money

Fenland Citizen; November 27

Steve Barclay, MP for North East Cambridgeshire, has called on local schools to get their pupils talking and learning about money, as part of a new charity campaign to help improve financial capability amongst young people.

Every primary and secondary school in North East Cambridgeshire has been sent free Get Money Smart posters (see attached) and teaching materials by national charity pfeg (Personal Finance Education Group), which aims to get children talking about money in the classroom.

7. TD Financial Literacy Grant Fund awards $1.1 million in grants to 15 organizations

Wall Street Journal; November 27

Social and Enterprise Development Innovations (SEDI) announced that the TD Financial Literacy Grant Fund has awarded $1.1 million in grants to 15 community organizations to support financial literacy initiatives. The Fund supports organizations that deliver financial literacy programming to people living in low income and economically disadvantaged circumstances across the country.

The TD Financial Literacy Grant Fund, administered by SEDI, will support programs focused on financial education and support for women, people who are homeless, newcomers, at-risk youth, people in conflict with the law, and Aboriginal people in this round of contributions.

8. Report urges financial access for the youth

Business & Tech; Kennedy Kangethe, November 29

A civil society report indicates that the Kenyan youth need more access to affordable finance if they are to succeed as entrepreneurs.

Speaking while releasing the multi-sectoral interim report The Africa Youth Trust Executive Director Nahashon Gulali said access to finance is necessary but not sufficient to help youth entrepreneurs launch their own businesses.





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