Money for Life challenge

Swapping famous brands of chocolate for supermarket own labels, a booklet of the latest money off deals, and tips on how to calculate weekly expenditure are just some of the budget-busting schemes developed by students at City of Wolverhampton College as part of a national money saving challenge.

Around 15 students who are studying for a Level 2 diploma in business at the college are taking part in the Lloyd’s Banking Group Money for Life Challenge – a national competition encouraging young people aged 16-24 to run projects to improve money management skills in their communities.

Two groups of students have developed schemes – entitled Super Scrimpers and Brilliant Budgets – to help fellow learners save money and will be showcasing their projects at the college’s Paget Road campus.

On Monday, February 23 the Super Scrimpers team will be holding a chocolate taste test to show how money can be saved by swapping famous brands for supermarket own labels, as well as handing out booklets they have developed packed full of local and national money off schemes, vouchers and discounts.

And on Tuesday, February 24 the Brilliant Budgets group will be demonstrating how using a simple budget sheet can help students keep track of their income and outgoings and show how much money they have left to spend on a monthly, weekly and daily basis.  They will also be handing out goody bags containing a calculator and general money saving tips.

Both groups will also be running workshops for students to promote their projects and spread the money saving message across the college’s three sites.

As part of the challenge both groups were awarded grants of £200 by Lloyds to help bring their projects to life.


City of Wolverhampton College offers a range of courses for people living in Wolverhampton, Bilston, Walsall, Dudley, Halesowen, Stourbridge, Bridgnorth, Sandwell and the wider West Midlands area. These include full and part-time qualifications, day and evening courses, A Levels, apprenticeships, traineeships, university- level courses such as HNCs, HNDs and foundation degrees, and short courses for the unemployed.

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