# Lloyds Banking Group donates money management skills to disadvantaged families

- Link: https://fundraising.co.uk/2012/11/14/lloyds-banking-group-donates-money-management-skills-disadvantaged-families/
- Published: 2012-11-14T08:22:56+00:00
- Author: Howard Lake

Lloyds Banking Group is offering free money management workshops to 1,500 families
across the UK through its Money for Life Programme.

This is being run with Family Action, the national charity dedicated to providing
practical, emotional and financial support to disadvantaged and socially isolated
families.

One hundred and twenty Lloyds Banking Group employees are participating in Money
for Life’s accredited financial education training and then volunteering to deliver
the free workshops, which will cover topics such as budgeting, banking, shopping
around, borrowing and planning ahead.

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The partnership follows evidence of a growing personal money skills gap in the UK.
A recent report by Family Action showed that some of the low income families the
charity supports have less than £2 per person per day to spend on food after household
bills are paid.

The first money management session took place at Family Action’s Bedford Hill centre
in London on Friday 9 November, with more scheduled to take place around the country
including in some of London’s most deprived boroughs.

Sarah Porretta, Head of the Money for Life programme at Lloyds Banking Group said:“
Money management is an increasingly vital life skill, and this partnership allows
us to share our employees’ expertise in this area where and when it is needed the
most”.

[www.moneyforlifeprogramme.org.uk](http://www.moneyforlifeprogramme.org.uk)

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