YEAR 10 students in Cambridge have had the opportunity to enjoy a new run of the play, Money Matters, which was commissioned by Cambridge City Council’s Children and Young People’s Participation Service (ChYpPS).
First seen in December 2017, the new run of the play towards the end of the school term, was timed to tie in with the recently launched PlayEast board game, Reality Cheque Cambridge.
ChYpPS worked with the theatre company, AlterEgo, to devise Money Matters in order to raise young people’s awareness of the importance of good financial management in a fun and engaging way.
Full of humour and entertaining performance, Money Matters, aims to get important messages about finance across to Year 10 and 11 students at every secondary school in the city.
Like Money Matters, the board game, Reality Cheque Cambridge, is aimed at Year 10 and 11 students and also teaches young people about how to manage their finances.
The aim of the game is for students to balance their accounts at the end of the month, and so learn how to calculate income, outgoings, and keep track of finances. Players work in teams and can learn some valuable skills to help them in the future.
In the game players navigate around the board balancing their budgets. They first randomly select an ‘Income’ card which allocates them with a job and a monthly wage. People playing then decide where they would like to live, based on factors such as location, cost and whether to share or live alone.
They also face typical real life scenarios like paying for food, transport and unexpected costs such as having to fix a broken phone screen or opening a bank overdraft.
Finally they decide whether they would like to put their money into savings and how much they wish to spend on ‘extras’.
Cllr Anna Smith, Executive Councillor for Communities, said: “Both Money Matters and Reality Cheque Cambridge are innovative, entertaining ways to help young people learn more about managing their money.
“Helping young people to learn how to take control of personal finance is a really important part of our Anti-Poverty Strategy, not least because Cambridge is such an expensive place to live.
“Helping people to balance their own budgets can make a real difference to their lives and reduce the risk of falling into debt and I am pleased that both the play and the game have been so well received.”
Both Money Matters and Reality Cheque Cambridge have their origins in the council’s Anti-Poverty Strategy which is seeking to reduce inequality in Cambridge in a number of ways, including by boosting the financial literacy of young people.
Reality Cheque Cambridge was produced using funds allocated to PlayEast by the government’s Shared Prosperity Fund, and was developed with assistance from students at four Cambridge schools.