Butterfield is to offer a free money management and financial literacy class next week for full-time college and university students between the ages of 18 and 30.

The Butterfield 101 Money Management Programme will be held next Thursday from 5.30pm on the second floor of Butterfield’s head office in Hamilton.

Retail banking professionals will give an introduction into the world of finance and help equip students with the knowledge they need to develop good financial habits.

Participants will learn practical skills, such as how to create a budget and how to set financial goals, and receive guidance on different financial products and the importance of a good credit score.

Shawnette Griffin, Butterfield’s head of retail banking and operations in Bermuda, said: “Butterfield 101 was created to assist college students in the transition from having parents managing their finances to embracing that responsibility for themselves.

“The primary goal is to create good financial management habits while in school, which will set them up for a good financial future in the long term.”

On completion of the class, each student will receive a Butterfield savings account, a Butterfield debit Mastercard card and a Butterfield Mastercard credit card with a pre-approved limit of $1,000.

Registration is free and can be completed online at butterfieldgroup.com before noon next Thursday.