Dorothy Goodman School pupils opened a savings account and used a cash machine – many for the first time – during a day of financial education sponsored by Hinckley & Rugby Building Society.
Ed Flack, a financial education expert from the not-for-profit WizeUp, worked with 20 pupils aged from 14 to 19, firstly at the Hinckley school for children with learning disabilities and then at the Society’s branch in Castle Street. Ed said:
“We began the day by looking at ways we could get money, deciding that working for it was infinitely better than borrowing.
“I then set the students a task to work on for me, folding leaflets. They had 40 each and if they completed them all they could earn £10. Everyone worked really well and to a very high standard.
“Once they had been paid they were able to buy a variety of goods but were encouraged to save some of the money in order to open a savings account with Hinckley & Rugby. We walked into town where the students had a chance to use a cash point machine, many of them for the first time.
“After drawing £10 each from the hole in the wall they added this to their morning’s savings and moved across the road to the Society’s branch where they opened their accounts and made their first deposits. To mark the occasion every student was presented with their own HRBS goody bag to take away.”
Dorothy Goodman School senior life skills teacher Joanne Linwood said: “ The students had a truly fabulous day. They all learnt that you have to earn money before you can take it out and for most of them this was the first time they had ever used a cash card at an ATM or learnt how to open a building society account.
“They were all thoroughly engaged and motivated throughout the day. I hope this can be something that we do every year.”
“It was a fantastic day and the students were really up for it. They were really engaged and enthusiastic and some went over and above the scheduled workload in order to complete a ‘mind map’ on bills and other expenses.
“Considering that this was the first time many of the students had used a cashpoint machine or had been into a building society branch they took everything in their strides like old hands.
“A day like today takes lots of organisation so hats off to all of the staff and both Dorothy Goodman School and Hinckley & Rugby for making it happen, and of course the students for being such a delightful and willing bunch of young people.”
Georgia Betteridge, customer assistant at Hinckley & Rugby’s Castle Street branch, said: “It was lovely to welcome the Dorothy Goodman pupils who were very keen to learn and try out opening a savings account with us.”