Essex County Council is pleased to offer the people of Essex an opportunity to improve their financial literacy through the Multiply in Essex programme. This initiative is designed to encourage residents over 19 years old to participate in a free course aimed at enhancing their maths skills and overall financial wellbeing.
The Multiply programme, which focuses on financial wellbeing, is administered by Enable East, an organization within the Essex Partnership University NHS Foundation Trust. The programme explores the significant link between finances and personal wellbeing. Enable East and Multiply create a safe and inclusive environment for participants to share experiences and gain valuable knowledge in areas such as budgeting, managing household income, and making sound purchasing decisions. The programme spans four sessions over a four-week period, allowing ample time for participants to find solutions and set personal financial goals.
According to John Holmes, the Business Development Manager at Enable East, the programme addresses the issue of avoidance when it comes to dealing with financial matters. Individuals with mild mental health conditions or disabilities may be hesitant to confront financial issues, potentially leading to challenges in effectively managing their finances. The programme aims to equip participants with the tools to create and maintain a simple budget, distinguish between luxury and essential items, and effectively manage their spending. Additionally, the course delves into the importance of nurturing positive relationships with money and addresses emotional spending and income-related anxiety. Furthermore, a personalized 1:1 session is available for participants to seek advice and support for their individual financial concerns.
The positive impact of the programme is evident from the feedback of its participants. Leander, who attended a course in Colchester, found the discussions on emotional spending and sensible habits particularly enlightening. Similarly, Liz, a participant from Greenstead, praised the course for its emphasis on tracking actual spending and practical ways to save money. She also commended the inclusive and supportive nature of the course, noting that it provided a welcoming environment for all participants.
John further highlighted the impact of the course on addressing the cost-of-living crisis, with over 90% of participants expressing a positive shift in their relationship with money after completing the programme. Furthermore, 100% of participants have stated their willingness to recommend the course to others, underscoring the effectiveness and value of the initiative.
Enable East’s Multiply course on financial wellbeing not only offers personalized 1:1 sessions for participants but also provides a platform for collaborative learning through group sessions. Eligible participants must be over 19 years old, residing in Essex, and not possess a Maths Level 2 qualification (GCSE/O Level) at grade C/4 or above.
In conclusion, the Multiply in Essex programme is an invaluable resource for individuals seeking to enhance their financial literacy and improve their overall financial wellbeing. Through its comprehensive approach and supportive environment, the initiative has proven to be instrumental in empowering participants to make informed financial decisions and cultivate healthy financial habits.
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