Insights #3: Our new partners! Nebula x Happy Space
We're proud to announce that we've partnered with Happy Space, a non-profit committed to improving the well-being of young people in the UK, whose contributors include Arianna Huffington and Monzo.
Happy Space’s founders recognise that a lack of control over one's finances can be a substantial obstacle to maintaining a healthy mental state. As partners, Nebula will contribute personal finance articles to Happy Space's publications, which are circulated around UK schools, colleges and universities.
We caught up with Happy Space’s co-founder, Tegan, for a quick interview.
Can you tell us a bit about Happy Space and the team?
Happy Space was founded by myself, Hugo Layard Horsfall and Nader Dehdashti back in 2014, and is a mental well-being non-profit organisation, dedicated to helping students ask and answer the question: “why don’t I feel okay?”.
We initially came together as three school friends with some shared views about how mental well-being issues were being managed amongst our peers. However, we are now supported by an incredible team of volunteers, including a psychotherapist, Judith Apps, our social media manager, Sarah Humphrys, and our CFO, Jolyon Layard Horsfall.
Happy Space produces student guidebooks, online content and gives regular talks to sixth form students. Happy Space has undertaken research and interviewed well-being professionals, academics and university support services.
We believe there are some aspects of everyday living that prove crucial to the prevention of student and teenage mental health issues. These fall into the categories of food, finance, mind, body and art; we use these five key topics as headings for our content and talks.
Why do you feel that personal finance is important for teenagers' well-being?
Finance is one of our five key pillars at Happy Space. Like some of our other key areas of focus, such as nutrition and sleep, we understand that finance affects almost all students in one way or another. We try to pinpoint the well-being challenges that can arise in periods of transition and, to this end, have spoken to well-being services at universities.
From these conversations, we learned that on attending college or university for the first time, students can be overwhelmed by the seemingly sudden need to be relatively financially independent. Being “in the dark” about finances can exacerbate feelings of inadequacy and increase stress, with the potential to negatively impact one’s well-being.
At Happy Space, we view prevention as the best cure. We hope to equip students with helpful, practical advice on their finances and other things prior to periods of transition, thereby encouraging feelings of confidence and security, enhancing well-being overall.
What's your top finance tip for teenagers heading to university?
Educate yourself! Quite a broad top tip, we know… but when it comes to finance, ignorance is not bliss.
Gaining basic financial literacy and building up some knowledge of how to look after your personal finances could greatly enhance your university experience.
Knowing how to create a budget, how your maintenance loans work and the best student bank account option for you can help you become financially stable at university and beyond, freeing up money for the activities and things you really want to enjoy.