‘Money Skills and Bills’ helps educate local primary school children about financial management
Cabot Credit Management devises successful financial game for children
Cabot Credit Management (CCM), the UK’s leading ethical acquirer and manager of consumer debt, has successfully launched an interactive financial game to primary schools in Stratford-upon-Avon and Kent.
The initiative, Money Skills and Bills, is a fun and engaging game devised by CCM that aims to provide students with an insight to financial management and the consequences they may face should they find themselves in unsustainable debt.
During the game the students are allocated a job with its corresponding salary and tax before choosing their lifestyle options including their mode of transport, accommodation and holidays. As in everyday life, some students receive bonuses whilst others face unexpected events which result in their overall costs escalating. They review their results and then visit all the stations a second time before finding out whether they are in profit or debt.
At the end of the session the students work together with the Cabot team to discuss what lessons have been learnt, with a special emphasis on over-spending and falling into debt. The game, which is targeted at Year 5 and 6 pupils, lasts around one and half hours and can include up to 30 children.
Neil Clyne, Group Chief Executive, Cabot Credit Management, said: “On a day-to-day basis we are dealing with customers who have found themselves in debt for one reason or another. We feel this initiative is a good opportunity for us to take our experience out to the community and try and help educate youngsters of today so that they will be better prepared for the financial challenges that lay ahead.”
Money Skills and Bills has successfully been rolled out at several schools including Shipston, St Gregory’s and Coleshill Heath primary schools in Warwickshire and Lunsford primary school in Kent and will continue to be held once a month in schools across Kent and Stratford-upon-Avon over the next year.
For further information, please visit www.cabotcm.com or contact:
PR Manager, Cabot Credit Management
Tel: +44 (0) 7780 495082