Transcript Financial Education in the primary classroom

Financial Education
in the Primary
Classroom
Presentation by Holly McLaren, Education Resources Manager
pfeg (Personal Finance Education Group)
1. Who are we?
pfeg is the UK’s leading
financial education
charity
What do we do?
Influencing policy and
practice
Supporting educators in
teaching money matters
with confidence
Providing education
resources that will engage
and inspire
Why do we do this?
pfeg believes that
financial education is
needed in schools to
ensure that every young
person in the UK gains
the skills, knowledge and
confidence they need to
manage their money well
Aims for today
• Understand what is meant by financial
capability and personal finance education;
• Consider how PFE can be integrated into
your school curriculum;
• know what it looks like in the primary
classroom;
• know where to go for more information
and support.
What is
financial capability?
Which is the cheapest on a £1,000 loan?
A. 20% APR, pay back monthly over 3 years
B. 20% APR, pay back over 1 year
C. 15% APR, pay back over 3 years
D. 15% APR, pay back over 1 year
Which is the cheapest on a £1,000 loan?
A. 20% APR, pay back monthly over 3 years (£308)
B. 20% APR, pay back over 1 year (£102)
C. 15% APR, pay back over 3 years (232)
D. 15% APR, pay back over 1 year (£78)
What would you
do with £20?
Spend
Save
Give
Lend
Invest
Being financial capable means you can..
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make end meet
keep track of your finances
plan ahead
choose financial products
stay informed about financial matters
Financial Services Authority
What should an 5/11
year old know in
relation to money?
The average age
for children
to get their first
mobile phone?
8 years old
The average age
children start to
purchase items
online?
10 years old
What is personal finance
education?
A planned
programme of learning
opportunities that
develops the financial
capability of pupils
.
Maths
Science
History
Enterprise
Crosscurricular
Drama
Literacy
Geography
PSHE
Citizenship
Financial education and enterprise:
•
Enterprise can develop financial capability and
provide a springboard into personal finance
education
Enterprising attitudes are essential for money
management throughout our lives:
•
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–
Spotting opportunities to make our own money grow (risk
and return)
Negotiating good deals when spending our money
Being proactive if we get into money difficulties, finding
solutions to the money problems we face and seeking out
advice
What does it look
like in the classroom?
What Money Means in Action - DVD
http://www.pfeg.org/projectsfunding/what-money-means-primaryschools/what-money-means-actionfilm
What would you
do with £20?
What would you do with £20? – a 7 year old
pupil before any learning activities:
Afterwards..
In the purple assessment book...
What would you do
with £20?
page 26
Becoming a critical
consumer
Financial education planning
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Consider the best place for financial capability to sit
within your school – this may be more than one
place.
Are there any barriers to this?
Investigate the knowledge, skills and competences
within financial matters that would be beneficial to
your children.
Consider the ways in which you may utilise external
support and resources.
How do you know it’s making a difference?
Support and
Resources
www.pfeg.org
pfeg Advisory Service
• Free
• For teachers needing advice/guidance
• Dedicated phone line 0300 6660 127
• [email protected]
• Tailored to individual requirements
pfeg Volunteer Network
• Matching service for schools and financial sector volunteers
• Volunteers who are:
• willing and able
• trained
• CRB checked
• Visit - http://www.pfeg.org/services/pfeg-volunteer-network
Questions?
intermittent