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Young people compete in Money for Life 2015 – but who won?

How confident are you about money management? Do you ever wish you had thought about it more when you were younger? Meet the Money for Life 2015 competition winners.

Money for Life is a money-management competition funded by Lloyds Bank and aimed at teams of young people aged 16 to 24 in college, work-based learning and community settings.

We asked Michael Royce, one of the competition judges from the Money Advice Service, for his views on the competition and how the programme can encourage money management in young people.

Who won Money for Life 2015?

The team who won this year’s prize – presenting to us in Welsh as well as in English – were DOSH (Defining Our Spending Habits) from Newport, Wales.

They showed how they had targeted 16-18 year olds in local schools and colleges through a range of media to help them become more informed about their first financial decisions as young adults.

A People’s Prize was won by Starting Out, a team from HMP Grampian in Scotland trying to help young offenders as they prepare to leave custody and take financial decisions.

Fantastic finalists

Five teams were represented at the grand final from England North, England South, Northern Ireland, Scotland and Wales.

The finalists ranged from young apprentices, to college students, to young single mums. Each team told us with great passion how, with the help of a small grant, they had taken on the challenge of a grassroots money management issue in their local communities. All tried to make a difference to their lives and to the lives of others of all ages.

The competition, now in its fourth year, was inspiring through all its stages, starting from the 340 teams of young people who started the challenge.

More than just a competition

The Money for Life programme isn't just a competition for young people. It also accredits many hundreds of community workers across the UK each year through its free training courses.

The purpose is to equip them with the skills and confidence to help local people of all ages with day-to-day money management issues.

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