Talk Money Week 2023: Gatehouse Bank Launches Financial Education Programme
This week marks Talk Money Week, an annual campaign organised by the Money and Pensions Service to encourage people to have open conversations about money, whether this is in the workplace, within family and friendship groups, schools, or wider community groups.
Research has shown that incorporating conversations about money into daily life can help to build financial confidence and resilience and ultimately help people feel more in control of their finances and make prudent financial decisions.
The theme this year is “Do One Thing”, which aims to encourage people to do one thing to boost their financial wellbeing. This could be a simple task, for example, checking their address is updated on their pension or bank statement, or having a conversation with friends or family about their financial goals.
This Talk Money Week, Gatehouse Bank has launched a financial education programme aiming to help community groups boost their financial resilience and build healthy habits around money, particularly relating to financing*, budgeting and saving. This is especially important in light of the ongoing cost-of-living crisis, as the programme aims to help community members build skills to navigate their rising expenses and ongoing economic uncertainty in the market. Following an initial pilot phase of the programme earlier this year, 60% of participants said they felt inspired to create a budget using their learnings.
Gatehouse Bank’s financial education programme forms part of its larger impact target to drive financial health and inclusion for customers and the wider community. This target was set as part of the Bank’s partnership with the UN Principles for Responsible Banking (UN PRB), of which Gatehouse is a founding signatory. Further information about Gatehouse Bank’s partnership with the UN PRB, commitment to sustainability, and impact targets is available in Gatehouse’s latest Sustainability Report.
More information on Talk Money Week can be found on the Money and Pensions Service website.
Guidance on money and pensions can be found by visiting the MoneyHelper tool.
*As a Shariah-compliant bank, Gatehouse provides finance to its customers, for example, to help them purchase a property. There is no borrowing or lending based in Shariah principles.