University of Cambridge research, commissioned by the Money Advice Service, shows that by the age of seven children have developed their attitudes and values towards money – and these are likely to stay with them for life. Continue reading
Although financial education became a compulsory part of the secondary-school curriculum in England in 2014, some pupils are still missing out, particularly in primary schools.
Research commissioned by Money Advice Service shows that by the age of seven children have developed their attitudes and values towards money, which are likely to stay with them for life.
Watch our new Credit Café video below, where we discuss financial education in primary schools
Indeed, children are likely to get their first mobile phone by the age of eight and begin online shopping by the age of 10. So we can see it’s increasingly important to help children better understand the value of money at the earliest opportunity.
My Money Week, which runs from 8-14 June, is a national activity week for primary and secondary schools which aims to help young people gain the skills, knowledge and confidence in money matters they’ll need to thrive in today’s society.
It’s the brainchild of the Personal Finance Education Group (pfeg), which helps teach children to understand money and how to manage it.
For the past two years Experian has partnered with pfeg on a project to help primary school children improve vital money skills. In this time, the project has transformed numerous primary schools around the country into national Centres of Excellence for financial education, helping more than 12,000 pupils, parents and teachers improve their money skills. Continue reading
When it comes to personal finance, many Brits believe in starting young. Research from 2014 showed that nearly a quarter of parents give their three-year-olds pocket money – and nearly half of these lucky tots get up to £1 a week. By the time their kids reach 15, more than 90 per cent of parents provide an allowance, giving an average of £7 to £8 a week.
Well, that’s if they remember – nearly a third of parents said they sometimes forgot to dish out the pocket money and almost one in five confessed to rarely handing it over.