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**MSE Dan** · 30-10-2007, 5:58 PM

This is the discussion area for the totally free, downloadable PDF

Quick note from Martin

The teen cash class is based on a class I taught for a day for an ITV programme (as explained in it). My aim with the guide is to try and explain the basics of dealing with money and dealing with companies.

THe hope is the guide will work either as a standalone for teens (or adults for that matter) to read, or to be used and worked through with parents or teachers.

It would be wonderful if you use it to feedback; so we can see if it can be improved. Does it work as a teaching guide? How did the teens react? Is there anything that doesn't work or could be done better?

Thanks

Martin

petertwisty · 31-10-2007, 7:52 AM

Excellent!

I intend to run through it with my less-than-money-saving-expert 14 year old nephew.

January20 · 31-10-2007, 8:28 AM

I am going to nag my nearly 15 yo DD until she has read it - like nagging is going to help lol!!!

Seriously, she is shocking with money but she is learning... slowly.... slowly.... I think she is even learning the concept of saving... a little... since I've told her I am not lending her any money anymore!

Great guide!

Money Mad · 31-10-2007, 8:42 AM

I have just tried to get the free teen cash guide and when clicked on the page is completely blank has anyone else had this problem. If anyone has had success in downloading please would you tell me how you did this. In great need of this guide. Many Thanks

eddy14 · 31-10-2007, 10:14 AM

Hi Martin,
I am a treacher and have responsability to deliver the "Financial awareness" part of the curriculum in my school.
I think this is a great resource and I will be using it in my lesson. I will also ask for feedback from the pupils and I'll let you know.

Thanks for making my job easier.

Teacher man · 31-10-2007, 6:05 PM

I am a teacher too and would be interested in getting hold of a copy of the 'tonight programme' to use with my class, preferably on DVD, would we be able to get it from anywhere?

Tao81 · 31-10-2007, 6:37 PM

Thanks Martin et al. Great resource, much appreciated. Doubt my teenager will cope with reading complete file in one sitting but free downloadable pdf fantastic idea!....will be opening it up regularly to gently keep reinforcing the messages contained within.

682 · 31-10-2007, 7:38 PM

Have been lurking for a while now but needed to say a massive thank you for this guide. I am responsible for year 11 in my school (15-16 year olds) and I include some finance awareness in their PSE course. This guide will be invaluable. I will also be looking at how we can integrate some of the exercises in other areas of the curriculum, especially in maths. Cheers again!

**MSE Martin** · 31-10-2007, 8:49 PM

For the teachers responding. Im trying to get DVDs of the programme from ITV... more news in next week's e-mail

erylaiona · 31-10-2007, 8:49 PM

Is anybody else having trouble opening this article. My computer keeps crashing

John B · 31-10-2007, 9:22 PM

Thought your article was great. I think you should consider emphasising the benefit of using Credit Cards rather than Debit Cards when buying online to protect against supplier default/fraud.

Also the benefit of spending throughout the month using a credit card, getting rewards of between 1p and 3p per £ spent, and paying the whole debt off each month - can add up to £100's in a year!

azucena · 31-10-2007, 9:51 PM

I want to print this excellent article for my son, but the pages are not printing as shown on screen. It is printing with a white font on a black background. I only printed pages 38 and 37 and had to cancel the operation as I will soon run out of ink!

Anyone else with the same problem?

ruthcoppard · 31-10-2007, 10:34 PM

Really good lesson plans and follow-through. I wish I'd read this when I was younger, or when my kids were younger. I'll forward it on to them anyway. thankyou

Teddy2labs · 01-11-2007, 10:01 AM

After reading this I'm just disappointed that I missed the ITV programme. BBC 3's 'Spendaholics' series is interesting in highlighting individuals whose spending/lifestyle has got out of control, but a series of regular Martin Lewis Money Saving Expert lessons/programmes along these lines would be a very educational tool for both finance lessons in schools as well as improving financial awareness for many adults. Keep up the good work!

Mashe · 01-11-2007, 1:04 PM

Quote:

Originally Posted by MSE Dan

This is the discussion area for the totally free, downloadable PDF

Teen Cash Class Guide

Please click reply and let us know any feedback

For several years I have thought that we silver surfers were missing out on information that was being made available to the younger generation through their curriculum and here, at last, is a catch up for us in the finance department. Well done!

Corinne Laming · 01-11-2007, 4:08 PM

an excellent resource for training teens in managing money. Is it possible to obtain/purchase copies? I think my ink cartridges would cry if I tried to print it !!

MojonChica · 01-11-2007, 10:26 PM

Thanks for this. You've saved me a lot of time. I teach teens as well as adults and am going to use these ideas to make my % lessons more relevant.

I Am Herenow · 02-11-2007, 10:46 PM

Quote:

Martin: Ok. Imagine that you owe £3000 on a credit card. It’s at an interest rate of 17.9%, which is quite typical. The minimum repayment on that card, at 2%, would be…?

Class: £60

Martin: Right. So imagine that you’re just going to pay the minimum
payment every month – starting at £60 – until the debt’s paid
off. You’re not going to be able to do this one on the calculator, it’s

way too complicated...

Couldn't you have provided a proof for this, rather than just saying that it is "way too complicated"?

Anyway, would you care to post your proof now? Also, are you assuming here that interest is calculated annually, after all the monthly payments for a particular year have been paid?

**MSE Martin** · 03-11-2007, 12:15 AM

Quote:

Couldn't you have provided a proof for this, rather than just saying that it is "way too complicated"?

Anyway, would you care to post your proof now? Also, are you assuming here that interest is calculated annually, after all the monthly payments for a particular year have been paid?

No Im assuming it works the correct way - please see the credit card minimum repayment calculator. It is easy to do this on a spread sheet - it is virtually impossible to do on a calculator.

You need to add the interest each month, minus the monthly percentage payments though once the payments go below £5.

You can see a full explanation of how it works in the credit card min repayment article.

martin

sarahe · 03-11-2007, 7:06 AM

Martin
Amazing - for years I have been saying that schools are missing out on teaching children vital life skills. Unfortunately some their parents (I didn't until I discovered your site a few years ago) don't have the skills to teach their children to be money savvy.
I'm a primary school teacher and when I first started we used to have links with a bank and children could pay in a £1 or two a week. I know this was really time consuming for the office staff etc - but children were beginning to realise that saving was important and a little about the real value of money. We stopped it.
Like Jamie Oliver's healthy dinners campaign I think that all children should be taught about how to look after their money from an early age and the government should be helping schools do that.
I certainly think an MBE should be on it's way to you Martin