Andrew Gwynne, MP for Denton and Reddish, has called for local schools to get their pupils talking and learning about money, as part of a charity’s new campaign to help improve the financial capability of young people.
Every primary and secondary school in Tameside and Stockport has been sent free Get Money Smart posters and teaching materials by national charity pfeg (Personal Finance Education Group), which wants to get children talking about money in the classroom.
The charity’s Get Money Smart posters – for children aged up to seven, 11, 14 and 16 – are designed to encourage classroom discussions about things children can do to learn more about money and personal finance. Ideas for different ages include checking your change, estimating the cost of a weekly shop, comparing mobile phone tariffs and planning and budgeting for a trip.
Local teachers are being encouraged to hold discussions with their pupils over four things the posters suggest they can do to learn about money – with the fifth being left up to each class to decide. Ideas for the fifth activity can then be shared with other classes across the country on Twitter using the #5thingstodo hashtag.
Andrew Gwynne MP has thrown his support behind the effort as a way of helping local young people to gain the vital skills and knowledge they will need to manage their personal finances throughout their lives. The move follows news that after years of campaigning by the All Party Parliamentary Group on Financial Education for Young People, pfeg and MoneySavingExpert.com’s Martin Lewis, financial education will be taught in secondary schools as part of the National Curriculum from September 2014.
Andrew Gwynne MP said:
“I really hope local teachers make use of this new campaign. Children are growing up faster than twenty years ago, and end up taking on more responsibility sooner than their parents did.
“It is crucial that young people today get to learn about this so that the next generation is one made up of responsible citizens with a keen grasp of personal finance.”
Tracey Bleakley, chief executive of pfeg (Personal Finance Education Group), said:
“We are thrilled to have the support of Andrew Gwynne MP for this free new scheme for primary and secondary schools in Denton and Reddish. I hope all local schools will seize the opportunity to use their Get Money Smart posters to bring money to life in the classroom.
“This is a crucial topic that every young person should learn. Getting pupils talking about money and the financial decisions they will face in the future is a great way to start.”
The campaign has been made possible through a personal donation to pfeg from MoneySavingExpert.com’s Martin Lewis, which has enabled the charity to send free copies of the Get Money Smart posters and teaching resources to primary and secondary schools in the Denton and Reddish area and across the country.