Scilly’s Youngsters Get Financial Training

OLYMPUS DIGITAL CAMERAYoungsters from Scilly have been given a head start to help them manage their financial affairs in the future.

Six young islanders, some home from the mainland on half term holiday, took part in the two-day workshop this week, organised by the Council’s Children’s Services team and delivered by the Youth UK Money Skills Program.

They learnt about the importance of budgeting, understanding interest rates and credit ratings. And they were given a clear warning about the dangers of pay day loans.

There was also advice on buying a car and living in a shared house.

But the unique nature of living in Scilly was also clear. Course teacher Pete Scott said it’s not often that he gets the cost of mooring fees included in a budget.

And Pete said he was struck by the level of support the youngsters offered each other.

It’s hoped that the 17 to 22 year olds who took part will be able to pass on their newly learnt skills to younger year 11’s in preparation for their move to further education and training on the mainland.