The partnership will focus upon Melton Building Society funding a qualified Educational Officer who will be going into schools and colleges to provide financial education lessons to students. The mutual building society will also be working closely with MADMAC to deliver Money Management sessions into local businesses, in an effort to directly support the community and offer helpful advice.
Commenting on the partnership, Simon Taylor, Chief Executive of Melton Building Society says: “We are proud to be supporting MADMAC with this great new partnership. With 2022 looking bleak due to the escalating cost of living and rising energy prices, it is important to have these services available for everybody to access. The Society is committed to investing in our communities and helping people during this difficult time.”
Help for all
MADMAC are a money advice organisation who help individuals with their finances and provide debt solutions through a number of ways, such as debt management plans, insolvency solutions, budgeting tools and advice. With the current national fuel and food crisis, MADMAC believe it is even more important that we are equipped to deal with what's ahead and have an empathy for young people who are facing so many more obstacles to daily living and financial aspirations than previous generations.
Amanda Heath, Founder of MADMAC, says: “We are so excited to be starting this partnership with Melton Building Society, their sponsorship has enabled MADMAC to do something we have dreamed about for years.
“Prevention and education on money matters has the ability to change a generation, so that when our children become adults, they will have a better chance of increased financial capability skills to achieve those goals we all want, such as home ownership and savings - which can help lead towards brighter futures.
“Having James Sherrenham, our Educational Officer, in this post working in a part time role gives us the ability to reach all children within our communities.”
A fighting chance
Educational Officer, James Sherrenham, said: “Having previously worked with adults struggling with their financial affairs, I am keen to take on this role to give our younger generation a fighting chance at understanding the importance of personal finance and how best to manage their money.
“We’ll also be going into local businesses to train employees via our money management courses, with the goal of inspiring people with a fresh approach to thinking about their money. I have been aware of MADMACS work for a number of years and was drawn, not only by their professionalism, but also their caring posture towards our community. I look forward to continuing in that aim.”