Monday, 12 May 2014

Every primary and secondary school in Hyndburn is being given the chance to take part in My Money Week

I want to encourage every local school to put on money lessons this June, to give their pupils a head-start in financial education before it becomes a compulsory part of the new National Curriculum in September.  This is as part of this year's My Money Week (9 to 15 June), run by national financial education charity pfeg (Personal Finance Education Group).

Every primary and secondary school in Hyndburn is being given the chance to take part in My Money Week, which aims to help young people learn more about money and personal finance, for free.  This year My Money Week will be themed around current affairs, challenging young people to improve their financial skills, knowledge and confidence through topical lessons and activities on personal finance.  As the UK's leading financial education charity, pfeg is offering teachers in Hyndburn free online resources, advice and training to help plan their activities.

I visited Hollins Technology College at the end of last year to talk to students about financial education and was very impressed with how they engaged with the discussion and the creativity of the ideas they put forward for how to manage personal finances.

Financial education will become a compulsory part of the National Curriculum this September, after years of campaigning by MPs and Peers in the APPG on Financial Education for Young People, pfeg and MoneySavingExpert.com's Martin Lewis.  The move only affects secondary schools still under local authority control, however pfeg initiatives such as My Money Week are designed to get all schools involved in financial education, including all primary schools, Academies and Free Schools.

Since the first My Money Week in 2009, millions of young people have been helped to understand more about money and personal finance through focused activities in schools.  In 2013 My Money Week reached approximately 1.3 million young people in more than 4,500 schools and other settings across the UK. 

Schools and other organisations that work with young people in Hyndburn can find out more about My Money Week at www.pfeg.org/mymoneyweek