online course for teenager finanancial education?

curlytop12

wasn't sure where to post but i think martin mentioned on his programme a short course online for teaching financial education, anyone know of it please- or can recommend something
thanks

sourcrates

curlytop12 wrote: »

wasn't sure where to post but i think martin mentioned on his programme a short course online for teaching financial education, anyone know of it please- or can recommend something
thanks

Hi,

I can only find this :

https://www.moneysavingexpert.com/news/family/2017/11/half-a-million-financial-education-textbooks-to-be-sent-to-english-schools

curlytop12

thanks, I'm lending him my martin lewis book -The MoneyDiet- he knows it is my bible!!
I think it may be a OU course I'm thinking of....will keep looking.

gizmorat

I think it’s this one;

Managing my money for young adults

You’ll have to google it as I can’t post links.

I was looking at it for my 16 year old but it didn’t quite have the content I wanted.

pennystretcher

You mean the OU free courses "Managing my money" and Managing my money for young adults"?
http://www.open.edu/openlearn/free-courses/full-catalogue

pennystretcher

OK so I just thought I'd run through the managing my money for young adults...I am not impressed with it (am about 75% through so far)
For example below - to finance your holiday rather than save for it is good debt?!?!

Which of the following would you consider to be a ‘bad’ (irresponsible) debt?

Select one or more:
Borrowing £1000 for 12 months to take a summer holiday. (according to OU - good debt)
Borrowing £2000 for two years to lend to your friend. (according to OU bad debt - I agree)

Their excuse is
"Borrowing £1000 for 12 months to take a summer holiday is not what most people would do but provided you can make the repayments over the 12-month period then an annual loan for the (annual) summer holiday is not really being irresponsible." :eek:

perfectxmess

So every year it's ok to take a loan etc to go on holiday? Err don't think so!

To be honest i find that mse loves credit and seems fine with going into debt if it's 'manageable'. But that's how people get into serious problems because the debt slowly gets bigger and then all of a sudden it's completely un-manageable. Whether it's at 0% or 50% shouldn't really make a difference - you still can't afford it.

I feel that for me the principle of saving for things and trying to stay away from credit is the best thing. I think it's too easy to justify using credit for silly things. And a holiday is one of them.

sourcrates

perfectxmess wrote: »

So every year it's ok to take a loan etc to go on holiday? Err don't think so!

I feel that for me the principle of saving for things and trying to stay away from credit is the best thing. I think it's too easy to justify using credit for silly things. And a holiday is one of them.

I agree, after been in debt since I was 18, living in credit for years, two insolvencies, and more consolidation than you can shake a stick at, I finally realised the folly of it all.

I have no debt at all now, don’t use credit, and pay for everything with my own money, not some banks, broke the mold if you like.

middleclassbutpoor

Im going to have a look through this course - my children are not teenagers but do share concerns that financial education needs to start earlier because it could have made my life much different.