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Thrifty pupils bank on their financial future
PUPILS at a Sheffield school are stashing the cash - with a bit of help from their local bank.
Sheffield Springs Academy on Hurlfield Road, Manor, has branched out with the help of NatWest to set up their own School Bank.
It gives pupils the chance to learn about finance and the basics of managing money.
The School Bank will be run by the pupils and teachers with guidance from experts at NatWest.
All pupils can open an account and pay money in during opening hours; they will also receive regular account statements, which NatWest staff will go through with them.
This will help them to understand the process of running a bank account and seeing their savings grow.
Teacher Roger Edwards said: "The students are really excited about their bank.
"It's very important they gain basic money management skills even at this young age and setting up, running and using their own bank is an extremely practical and fun way of doing this."
Peter Sutton from NatWest's Sheffield Earl Street branch, said: "Once young people go out into the world of work and start earning money, it is important they know what to do with it. As a result I'm delighted NatWest is able to help Sheffield Springs Academy ensure its pupils will be better prepared for the time when they have to manage their own finances.
"I look forward to continuing to work with them."
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Saturday 26 May 2012
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