Young Finance Manager

Scarborough has launched a schools programme to equip members of the next generation to manage their finances effectively for a more stable future.

• What does VAT stand for?
• What's the National Minimum Wage?
• What does gross pay mean?

If you think you know the answers to the questions above, you might want to take a look Scarborough's new personal finance education resource, the ‘Young Finance Manager’ computer game – complete with its pfeg Quality Mark seal of approval.

In response to Government's increasing push to prepare the next generation to manage their finances responsibly, Scarborough created the game, and supporting materials, to assist teachers in providing effective support to students.

To make sure the resource is up to date and relevant, we have been working with local teachers, NYBEP and pfeg throughout the research and design process to ensure the game meets their needs.

Developed in line with our new Corporate Social Responsibility Policy's Financial Education strand, the game uses terms and situations which occur in real life, giving today's teenagers an early insight into the opportunities and pitfalls of personal financial management.

In addition to the development of the resources themselves, we are planning to make the educational experience more real through the Society's volunteering programme. This will see members of staff from across the business helping to introduce the game in schools and sharing their professional and personal knowledge with students, to bring what is seen as a ‘boring’ subject to life.

If you would like to play today, please download the full version of the game by clicking below. Please make sure that your system complies with the specifications needed before you try to download the file.

System Requirements:

• Computers: enough for one per small team (2/3/4 learners)
• Printers to enable printing of bank statements and final certificates
• Each computer should be equipped with:
• • Operating System: Microsoft Windows XP
  • Processor: Pentium III 800MHz
  • Memory: 512MB Ram
  • Video card: DirectX 9 compatible 3D video card + latest drivers
  • Sound Card: DirectX 9 Compatible sound card +latest drivers
  • Hard drive: 200MB free disk space
  • Disks: 8x CD-ROM drive
  • DirectX Version: DirectX 9 - (packaged with Download)

Click the button below to download the Young Finance manager game.
Please note: The file will need to be unzipped and then can either be added to a CD-ROM and installed from CD, or installed from source by double clicking ‘YoungFinanceManagerSetup.msi’. Please be aware that it may take some time to transfer the game due to its filesize (75mb).

We are pleased to announce that we have updated the data for Financial Year 08/09, which makes sure that all the questions and budgets in the game are up-to-date. Instructions for installing the new data file to your computer can be found below.

The new data has incorporated all the new tax and National Insurance bands for the current year, which changes all the characters’ budgets. We have also increased the cost of some of the shopping items, to make the game as realistic as possible. In addition, we have taken onboard feedback regarding some of the statistical data questions, which have been updated to make them more current and relevant to today's market.

You will also need the new data file if you are downloading Young Finance Manager for the first time, to ensure that you have the current version installed.

Once the installation has been completed, you should download the latest data file containing new questions and updates for the new financial year by clicking the link below. Please note: The file will need to be unzipped prior to installation. To install the new data file, you should save the file ‘YOUNGFINANCEMANAGER.DAT’ to the directory the program has been installed to. The default directory is ‘C:\Program Files\Young Finance Manager\’. You are likely to be asked if you wish to overwrite the file ‘YOUNGFINANCEMANAGER.DAT’, and should click Yes to proceed with the update. Once this has been done, you should start the game as normal and the new data for financial year 08/09 will be included. If you have previously installed the game, please follow the same instructions for configuring the new data.

We have also produced a workbook to compliment the Young Finance Manager game. Covering topics from tax levels to credit cards, the workbook contains explanatory information and questions to ensure that what has been read is understood by students. A Teachers version of the workbook is also available on request.

Please click the button below to read/download the workbook for free. If you would like to receive paper copies of the workbook or would like to be sent the Teachers Workbook, please contact us. Workbook availability is subject to demand. Please note: To open this file in a new window, please right click the button and select ‘Open In A New Window’

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