Money ­management challenge launched

Young people have a chance to win a £500 grant to encourage their peers to improve their money management skills.

The competition, run by Lloyds Banking Group, aims to back people aged 16 to 24 to run a programme in their community.

Last year’s overall winners set up a group for young mums to get financial advice and support. Visit www.moneyforlifechallenge.org.uk for more details.