A participant from SOS Children's Villages Jamaica applies financial literacy skills learned in the workshop to complete a budget exercise in the YouthRise workbook created by Sean Patrick, fund development and communication advisor at SOS Children's Villages Jamaica.
March 4, 2025
Scotiabank and SOS Jamaica launch youth financial literacy programme
FOR many young people financial independence can feel like a distant goal, but for a group of participants from SOS Children’s Villages Jamaica that goal became a little more tangible thanks to a financial literacy workshop hosted at Scotiabank Corporate Learning Centre.
The session, part of the 2025 YouthRISE initiative supported by Scotiabank’s ScotiaRISE programme, was designed to equip participants, ages 15 to 23, with the essential tools to navigate their financial future with confidence.
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Led by Scotiabank representatives Narda Miller, business banking officer, and Narada Warner, business banking development officer, the workshop covered budgeting, expense management, debt, insurance, savings, investment, and retirement planning.
But it wasn’t just about theory. The session brought financial literacy to life through interactive activities including the Money Game, and Penny for Your Thoughts wherein participants could immediately apply their newfound knowledge.
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“Financial literacy is fundamental to personal success because knowledge is power,” said Yanique Forbes-Patrick, vice-president, public affairs and communications, Scotiabank.
“We want to ensure that young people have access to the best information and tools to make informed financial decisions. Through initiatives like YouthRISE we are teaching critical skills and investing in the future of Jamaica’s youth, giving them the confidence to build a secure financial future,” added Forbes-Patrick.
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YouthRISE is a three-year initiative spearheaded by SOS Children’s Villages Canada and funded by Scotiabank’s ScotiaRISE programme.
With a CAD$950,000 ($106-million) investment, the programme is expected to reach nearly 800 youth in Jamaica and Mexico, addressing critical barriers to education, employment, and economic participation.
“The goal is to not only engage young people within our villages but also extend these opportunities to the wider community,” explained Lanoy Crumbie-Barrett, programme development advisor at SOS Children’s Villages Jamaica.
“We’re focused on three primary areas — education, employability, and community development. Financial literacy is a crucial part of that because without it many young people struggle to transition successfully into adulthood.
“Too often, young people see money simply as something to be spent. We want them to understand that money is a tool for building generational wealth. A simple $50 note is part of a bigger plan — it’s about thinking differently and seeing money as a resource for long-term stability,” added Crumbie-Barrett who underscored the real-life implications of these workshops.
For one of the participants, Anthonio — who dreams of becoming a sports journalist or communications officer — the workshop was a revelation.
“Debt management stood out the most to me. I never knew there was such a thing as good debt and bad debt, and now I understand how to manage it in both the short and long term. A lot of people don’t get opportunities like this to improve their financial literacy so I’m really grateful,” said Anthonio.
He expressed appreciation for Scotiabank’s investment in young people.
“It’s great to see a financial institution taking the time, energy, and resources to invest in the future generation. This knowledge won’t go to waste, you’ll see the impact of these workshops in the years to come,” added Anthonio.
Recognising the need for continued learning beyond a single session, Sean Patrick, fund development and communication advisor at SOS Children’s Villages Jamaica, introduced a financial literacy workbook developed to guide participants through essential money management skills.
This booklet is designed to help them understand their financial personality, budget components, and how to set financial goals. More than just providing information, the booklet offers a space for reflection, progress tracking, and making real changes.
