Troops get cash advice

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It was a fitness challenge of a rather different kind that

soldiers from The Royal Scots

Borderers attended recently in Edinburgh.

Some 30 troops were put through their paces at the launch of a new fitness training programme.

But instead of the usual training drill, their challenge was to become more ‘MoneyFit’ as part of a new ‘MoneyForce’ training programme.

The soldiers, all from the Royal Scots Borderers (1 SCOTS) – part of the Royal Regiment of Scotland – joined in what was the first training session of its kind in Scotland, held at Dreghorn Barracks.

Led by MoneyForce lead trainer Colin MacKenzie, they watched videos about money matters and took part in workshops, discussing their savings, budgeting and their attitudes to money.

Commenting on the training session, Mr MacKenzie said the unique challenges represented by deployment overseas and periodic relocation, can make day-to-day management of finances particularly difficult for service personnel.

“So MoneyForce has been designed to help address this through a training programme and website that is a trusted ‘one-stop shop’, where service personnel and their families can access information, advice and money management tools online,” he explained.

“We realised from the start just how important it would be for MoneyForce training to be delivered by men and women in uniform, who would be both credible and able to share their experiences, good and bad, of managing a budget and why we all need to manage our money well.

“We believe it’s really important that service personnel become ‘MoneyFit’ early on in their career and start to practice good habits from the outset.”

MoneyForce is funded by Standard Life Charitable Trust and run in partnership with the Ministry of Defence and Royal British Legion, with the Legion’s Scottish arm, Poppyscotland, supporting by raising awareness and delivery of the programme’s benefits in Scotland.

It is the first time that structured financial education has been introduced into all Armed Forces basic training.

Crawford Gillies, chairman of the Standard Life Charitable Trust, added: “We want to make it easier for members of the armed forces to manage their money well and feel more confident about the plans they are making for their future.”

View the MoneyForce website, supported by Dame Kelly Holmes, at 
www.moneyforce.org.uk