We have asked Lisa, another young person who has now started at University, to share with you
12 things about money, she wishes she was taught at school!
Being an adult and managing your finances can be a struggle for some of us. We all know that we should plan, budget and take care of money and our spending. But how many of us do it? We are supposed to rationalise each purchase and think upfront about whether we can afford something and whether we need the item we want to buy. Or is this purchase just a way of satisfying our infinite wants?
Most of us wish we learned about money before our 20’s so by the time we are 30 we have some savings, investments and we understand how to manage the money.
We wish we didn’t make so many mistakes, didn’t waste hundreds of pounds on useless purchases. We wish they taught us more about money at school," says Lisa.
Financial education helps children learn how to manage their money now and in the future, choose the best financial products and services and protect themselves from fraud and exploitation.
Without high quality financial education, all children and young people are at some risk of having poor financial capability. This risk increases amongst more vulnerable groups, including disabled children and those with a long-term illness, children looked after, young carers and those from low-income households. It is particularly important to ensure that the approach to financial education in schools meets the needs of these and all children and young people."
A very big thank you to the following students at LordLawson for sending additional questions for the coures. Thank you Sandra Kaima, Bola Okuyiga, Violet, Sam, Anya, Kenzo and Amy!
Now is your chance to learn the basics of money!
What you'll learn:
Tips for saving money
Money terms you should know
Why we need to talk about money
About savings, budgeting, debt, needs and wants, plus more.
Newly added: wages, tax, credit and debit cards, banks, borrowing and a finance dictionary.
