In January I had the honour of meeting the students (see photograph) taking part in the Money for Life Challenge, which is a national competition, supported by Lloyds Bank PLC. The challenge has been created for students aged 16 to 24, all around the country, to help improve their money-management skills. The very impressive team of students at the City of Wolverhampton College is called Brilliant Budgets. Their project is to produce a money-saving spreadsheet that can be used by fellow students at Wolverhampton College.
They’ve made it through the first stage with flying colours. By doing so, they’ve already been awarded a £500 grant. They are splitting that money into three portions: £200 will be spent on equipment, £100 on a donation to a chosen charity, and £200 on a possible educational trip.
They’re already hard at work on the next stage: by early March they have to submit their complete project and evaluation. If they get through that stage – and I’m sure they will – they will go to the Money for Life Challenge UK Grand Final on 28 May 2015 in London.
Good luck to the brilliant Brilliant Budgets team!
Rob Marris, Labour Candidate for Wolverhampton South West