Melton's debt advisors complete tour of every school in the borough
A free Melton debt advice service has now visited every school in the borough to advise children and young people on the importance of budgeting and the value of money.
Melton And District Money Advice Centre (MADMAC) has helped more than 2,000 local people with over £15M worth of debt since it was founded back in 2015.
The organisation began touring schools three ago to deliver their support at an early age and the recent visit to Frisby Church of England Primary School means it has now visited every school in the borough.
Invaluable lessons have been taught to youngsters about how to budget, showing how borrowing money is actually buying it, gambling issues, the importance of understanding compound interest and how each pound spent is a vote for the type of world we want to live in.
Tapping into MADMAC’s expertise on the subject of money has proved invaluable to teachers and some schools have remarked how the organisation should be in every school in the land.
Amanda Heath MIMA, founder and CEO of MADMAC, commented: “Educating the next generation has always been at the heart of what we do.
"We exist to help people get out of debt but also stay out of debt where possible.
"Our work means we need vital funds to not only keep going but keep expanding each year.
"Sadly we see more and more need for professional debt advice and that financial capability skills is an ever increasing need, not only in the community but in the workplace.”
MADMAC’s work in schools is partly funded by the Melton Building Society has seen such a huge success and it is now expanding the catchment area to cover the borough of Charnwood as well.
Rachel Kolebuk, chief customer officer at Melton Building Society, added: "Our success is built upon being a mutual, and a key part of that is giving back to the communities in which we operate, and the impact of initiatives like our partnership with MADMAC are all integral to us contributing to the local communities we serve.
"Providing these life skills helps us to create a legacy which means we can continue to support consumers and communities for the next 150 years and beyond.”