The Money Charity is a UK-based organization focused on improving financial capability and wellbeing. Established for over 25 years, it aims to help everyone in the UK manage their finances effectively.
Their approach involves empowering people with the necessary skills, knowledge, and attitudes to handle their money efficiently throughout their lives. This is achieved by offering educational resources, advice, and guidance to individuals of all ages and at different life stages, thereby enhancing their financial wellbeing.
To accomplish their goals, The Money Charity develops and offers various products and services. These include educational programs, information, and advice about money management, targeting people in workplaces, communities, and educational institutions. They also engage in consultancy, policy-making, research, and media outreach to promote financial capability and wellbeing.
Their current strategy, spanning from 2022 to 2024, focuses on five key areas: expanding financial education workshops for young people, increasing financial wellbeing programs for adults via employers, maintaining current levels of adult financial wellbeing programs in community groups, growing income from their financial consultancy work, and enhancing their profile and credibility.
Each year, The Money Charity publishes an Annual Report detailing their achievements and financial accounts. This report is available on their website and from the Charity Commission.
In terms of impact, since 2010, their financial education workshops have reached over 280,000 young people. In 2022 alone, their financial well-being workshops aided nearly 7,800 adults in the UK. They also produce a Money Statistics report, reaching around 4,400 subscribers monthly, providing an overview of the UK’s financial situation. Additionally, their social media channels reach approximately 9,500 people daily, and their website attracts between 1,500 and 1,700 visitors each month.