Helping children manage money wisely
LifeSavers supports primary schools in setting up savings clubs and helping children and their families learn about money.
If you are interested in your school taking part in LifeSavers, please complete our Expression of Interest Form.
Following a successful small scale pilot, run in six schools in three areas across England, we are delighted that LifeSavers is being rolled out more widely to primary schools.
The concept for LifeSavers has been shaped by the Children's Society report 'Supporting Young Savers: The case for savings clubs in schools’ and builds on many small scale initiatives and savings clubs successfully run across the UK with credit unions.
LifeSavers offers a ‘whole-school’ approach to financial education:
• Training, support and Quality Marked resources for teachers to embed classroom teaching and assembly/collective worships about money;
• setting up a savings club for pupils, partly run by pupils, in partnership with the local credit union
• Offering a “whole community” approach where parents and carers can get involved in their children’s financial education
LifeSavers takes a holistic approach to financial education, particularly encouraging children to start developing a savings habit early in life. It combines classroom learning with practical experience of dealing with money through regular small savings deposits in the school savings club. It offers older pupils the responsibility of setting up and running the savings club, alongside adult volunteers, giving them experience of the world of work.
Lifesavers takes a ‘values-based’ approach to financial education, exploring money through the lenses of the values: generosity, wisdom, thankfulness and justice. Classroom based teaching resources for KS1& 2 ‘Five Big Questions About Money’ are complimented by whole school assembly /collective worship materials ‘Values for LifeSavers’. These resources will also be available to download from a dedicated LifeSavers website.
“The children's enthusiasm for the scheme has been infectious as they've already started to talk to their friends about the savings club” (headteacher)
“It teaches you to do what you have learnt in maths” (year 5 pupil)