TSB has partnered with financial education app Doshi to bring interactive lessons schools.
The initiative is aimed at getting students aged between 13-18 to sign up to the financial education service.
Over the next six months, TSB will be visiting schools to encourage students to use the Doshi app and complete short learning modules to increase their financial literacy.
Doshi chief executive Daniel Rose said: “Only two out of five young adults have received financial education in secondary school. At Doshi, we believe that financial education is essential for building healthy, confident lives.
“Our mission is to engage as many young people as possible in a fun and rewarding way, supporting them on their critical path to financial independence.”
Students will benefit from rewards such as shopping vouchers for completing modules such as shopping vouchers.
The app sets out clear financial goals, such as reducing financial anxiety and better understanding their finances.
TSB head of responsible business Kate Osiadacz said: “Entering adulthood money confident is vital to ensuring young people are set up to enjoy a lifetime of stable finances and informed financial decisions.
“We’re on a mission with Doshi to help young people boost their knowledge using the app’s innovative learning platform; so that they start their financial lives in the best place possible.”
British students suffer from a substantial deficit in financial education, in the view of the government. With this in mind, the Money and Pensions Service (MAPS) has launched a strategy to bring meaningful financial education to two million more children and young people by 2030.
Polling carried out in 2023 by wealth management group True Potential found that 52% of 18- to 24-year-olds admitted to feeling confused about financial matters some or a lot of the time.
In total, 79% said they believed that higher numeracy skills would positively impact their ability to manage personal finances.
Robin has more than six years of experience as a financial journalist, most of which were spent at Citywire, and covers the latest developments in the investing, trading and currency transfer space. Outside of work, he enjoys reading literature and philosophy and playing the piano.
You can contact Robin at robin@goodmoneyguide.com
