Teen Cash Class: Tonight With Trevor. There is hope Blog Discussion

[Deleted User]

Good job Martin, more kids need to learn this earlier rather than later. If there is no place it can be squeezed into schools, then it should at least get drilled into 6th formers or 1st year undergraduates. Unfortunately it can't be left to parents to provide a financial education to their children

Gemmzie

Excellent will be watching this with interest.

Am looking to provide something similar to our local secondary schools!

jwc

To all the previous posters who are looking to do something like this with pupils - good for you. The organisation for whom I am a consultant can help.

We are called pfeg (which satnds for Personal Finance Education Group) and we are an independent educational charity who provide a one stop shop for all your personal finance education needs.
We are currently running a FREE :j project called Learning Money Matters. This project gives each secondary school in England the chance to access up to three days of consultancy to assist with the planning, delivery and evaluation of personal finance education in the classroom. To learn more please click on the following http://www.pfeg.org/Secondary/LearningMoneyMatters/default.asp


P.S. We also have free resources for primary schools too.

Zoobaby

Hi JWC and everyone - thanks for the PFEG link JWC

I work with a youth charity who've been working with teenagers and young people for the past two years on how to empower them in getting out of debt and stop being sitting ducks for predatory companies. Out of this campaign we’ve created a unique and youth-friendly money coaching site for 16-25 year olds called www.whatwouldyoudoforapound.com, including youth-friendly financial management tools like the Lifestyle Calculator http://www.whatwouldyoudoforapound.com/site/money/141 (which totals what you spend on clothes/booze/going out in a year and how much you’d save if you cut back a bit) and Debt Calculator http://www.whatwouldyoudoforapound.com/site/money/148 (spelling out the long-term facts of total debt cost and repayment time), plus coaching (including NLP) and information on everything from keeping your motivation when clearing debts, to the magic of compound interest.

Other features include a 'Money Personality Quiz' http://www.whatwouldyoudoforapound.com/site/quiz/ which tells young people their psychological financial behaviour type - Hedonist, Superstar, Avoider, Muppet, Apprentice and Conservative - and how to improve on it. Kikass have found that entertainment and media can be great hooks for getting young people to engage with this material, so the site includes a Youtube-style virals competition in which young people are invited to make short clips exploring the theme of money and debt issues; for the chance to win premiership tickets, a Nintendo Wii etc.

The need to educate young people and children about money - in a style and language they can relate to - before they get trapped by financial mistakes has never been more pressing; so i'm glad to see it in the news this week with Ed Balls drive to have personal finance taught in schools. We've found that most of this age group don’t even regard student loans as debt, think of financial issues as scary/boring/difficult and eminently avoidable, and will discuss their sex lives with more frankness and confidence than they will their finances.

We’ve tried to do something different and engaging with Whatwouldyoudoforapound.com; our approach may raise some eyebrows but so far the response from young people has been amazing. I’d be very interested to hear your views.

Please feel free to pass on the site to any teens/parents/groups/organizations who’d like it or benefit from it. The virals competition will be winding up soon and we’re keen to get as many young people involved as possible..

Do let me know what you think!
Thanks, Z

Zoobaby

Wow, sorry the font on that is really messy, something's gone wrong with my formatting...hope it's still readable!

ifstar

Hmmm, it was one about a schools diet and fitness tonight that was showing in Scotland.

DUKE

Same here and I was dead excited about it too I'd got Enders on TV and Martin on the puter - or so I thought.

bluekp

So it this really going to be shown on Friday (27th July) - my TV guide says it's about Surgical Discrimination?Also, am gutted I didn't realised Martin Lewis himself had been in Maidstone - that schools just round the corner from me - I reckon I could have passed for a year 10 as well!!

Kimitatsu

I watched this with great interest as in my job I am a financial capability officer for my local CAB.

We offer our services free to all sectors of the community and are happy to go into schools and talk about just the sorts of things that Martin talked about this evening but also how teenagers can get the best deals now. Did you know that some 50% of teenagers have been in debt by the time they are 17? We talk about everything from a basic bank account to interest rates, to debt and how to budget for being a student, how to manage your student loans and how to discriminate the best deals that come through their door.

This is a major project for the CAB promoting financial inclusion for all, but as with everything we need to be used to justify our funding. If you are interested then please call your local CAB and ask to speak to their financial capability officer, they can provide lesson ideas, documentation or a range of presentations for you to continue on from.

Sorry MSE thats my shameless plug for a well used charity

aldo29

this stuff is so important! i work with young people aged 16 - 21, who are about to take on their first tenancy. it is my job to prepare them for this. i would like a copy of the programme (teen cash class) - think it would be dead useful, and better than some of the outdated material we have at present. martin, can you make this available?