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Money Mentors

Money for Life qualifications – learners

  • Money Mentors is a mentoring course to enable you to gain mentoring skills to give one-to-one money management support.
  • This course has been designed for those who are not qualified teachers, including those working or volunteering in non-teaching positions within Further Education and community workers from charities, housing associations, local authorities and Citizens Advice Bureau. It may not be suitable for qualified teachers.
  • If you successfully complete the course, you’ll receive a nationally recognised Open College Network qualification (level 2).

What is “Money Mentors”?

Money Mentors is a two-day course where you will learn how to give one-to-one support in money management

Who is the course for?

This course is suitable for: 

  • Anyone who wants to deliver money management sessions to their learners or clients, in a one-to-one setting 
  • If you want to deliver money management to groups of learners, you may want to consider applying for Teach Others 

What do I need to do to complete the course?

Attend two days learning as a group covering areas including: 

  • Money management (budgeting, bargains, benefits, borrowing) 
  • Practical peer mentoring skills 
  • Lead a one-to-one mentoring session 
  • Complete a written assignment

What will I gain from this course?

  • Skills, knowledge and understanding to be a peer mentor 
  • Knowledge around basic financial capability topics 
  • Confidence in communicating with people 
  • An accredited qualification in Peers Mentoring Skills from Open College Network

Am I eligible to have a fully-funded place?

If you work or volunteer for a non-profit or community-based organisation and have a plan for how you want to help others manage their money better, you may be eligible for a fully-funded place

What does fully-funded mean?

Fully-funded means that the cost of the course is paid for you provided you meet all aspects of the eligibility criteria.

Although these courses are fully-funded, it does not mean that they do not have a value. The Teach Me course has a cost value of £200, and Teach Others and Money Mentors courses have a cost value of £350.

Before you apply, please think carefully about whether you are willing and able to commit to the full course. If you are awarded a fully-funded place and do not attend part of the course or fail to complete your assessment, you will be charged for the full cost of the course in order that we can recoup the costs and offer a fully funded training place to someone else.

How is the course structured?

Before the course - Pre-course activities You’ll complete self assessment on skills, qualifications and levels of financial capability 


On day 1 You’ll complete icebreaker activities before an introduction to the courseYou’ll complete a series of taught sessions developing your skills as a peer mentor covering: 

  • Trust 
  • Aims 
  • Questioning 
  • Responses 
  • Feedback 
  • Review 
  • Endings 

You’ll
complete two sessions on budgeting and benefits to help you develop
your skills and confidence in areas of financial capability, you will
find the other resources on the virtual learning platform covering: 
  • Borrowing 
  • Banking 
  • Bill paying 
  • Bargains 

Before day 2
  • You’ll prepare for your assessed role-play

On day 2 
  • You’ll practice your role-play before delivering it
  • You’ll complete taught sessions on Values & Beliefs and Support & Development 
  • You’ll have a briefing on the assessment to be completed after day 2 

After day 2 You’ll complete your assessment, as well as two financial capability tasks on the virtual learning platform

What you need to submit 

  • Your written assessment 
  • Your role-play ‘mentor assessment note-pad’ 
  • Your individual development plan

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