Wednesday, 27 November 2013

Backing the campaign to get local school children talking and learning about money

Hyndburn schools are being urged to take part in Personal Finance Education Group’s (Registered Charity) free, new scheme.


Local schools can 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 Hyndburn 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.

Schools in Hyndburn are being encouraged to hold discussions with their pupils over 4 things the posters suggest they can do to learn about money – with the 5th being left up to each class to decide.  Ideas for the 5th activity can then be shared with other classes across the country on Twitter using the #5thingstodo hashtag.

I am supporting the effort to help young people in Hyndburn 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.

I recently went to Hollins High School to see the scheme in action. It was clear that young people in year 7 were switched on to the consequences of poor personal financial management. What was also innovative was students from year 11 involved in the teaching process.



Tracey Bleakley, chief executive of pfeg (Personal Finance Education Group), said: “We are thrilled to have the support of Graham Jones MP for this free new scheme for primary and secondary schools in Hyndburn.  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 Hyndburn area and across the country.

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For more information contact 
Graham Jones MP
50 Abbey Street
Accrington
BB5 1EE
Telephone 01254 382283
graham.jones.mp@parliament.uk

For more information about the Get Money Smart campaign contact Matt Hartley at pfeg on 020 7330 9478 or 07730 141519 or email matt.hartley@pfeg.org

NOTES TO EDITORS

About pfeg
  • pfeg (Personal Finance Education Group) is the UK’s leading financial education charity
  • pfeg provides free support, resources and expert consultancy to help schools plan and teach financial capability. Its mission is to ensure that all young people leaving school are equipped with the confidence, skills and knowledge they need in financial matters to take part fully in society.
  • pfeg works with teachers, government, consumer bodies and financial industry representatives to assist schools in delivering personal finance education to the highest possible standards – making sure that children and young people are able to understand money and make informed choices which will guarantee them security and economic well-being in the long-term.
  • pfeg won a Charity Times Award in 2012 for it’s What Money Means partnership with HSBC and was named Educational Charity of the Year at the Charity Awards in June 2010
  • For more information see www.pfeg.org or contact Matt Hartley on 020 7330 9478 or 07730 141519 or email matt.hartley@pfeg.org