News How to teach….Money
Bushara Raja, Head of Young People Programmes, The Money Charity
W
ith financial education embedded in the new maths, PSHE and citizenship
curriculums from September 2014, schools and colleges have a great opportunity to start to empower young people with the skills, knowledge, attitudes and behaviours, to make the most of their money throughout their lives. However, this doesn’t change the fact that talking honestly about money remains one of the last taboos in our society, and many people still find it difficult to do. This, plus a lack of subject knowledge and confidence are among teacher’s main concerns when discussing the obstacles they face in delivering financial education. At The Money Charity we work hard to help you overcome these hurdles, and endeavour to create an open dialogue, in schools and at home. That is why we asked our expert education consultants to impart their top tips and advice about teaching financial education and getting students excited about the topic of money!
HOW TO KEEP PUPILS ENGAGED Be interactive
Use a series of fun activities, for example we encourage students to physically interact with money by giving them each a £20 note, which represents a month’s income. They are then asked to tear off fractions of the note that represent each expense e.g. Tax, NI, food, rent, bills & transport. The slim strip of paper left over at the end, signifies the amount they have leftover for themselves. This demonstrates that although the amount of money that goes into your bank account each month may seem like plenty at first; it quickly disappears if you are living independently for the first time.
Encourage debate
Attitudes towards money are distinctly individual and will very often differ from pupil to pupil depending on their influences. That is why it is important to get students involved in discussions and debates, encourage them to share their opinions and stories. However, make sure it is clear they don’t have to disclose anything personal if they don’t want to.
Different students, schools and communities will have different opinions on money. You know your pupils best so tailor the debate accordingly. There is no one-size fits all approach to staying on top of your money.
Make it relevant
Using situations that the students can relate to helps them visualise how money will impact on their own lives and allows them to see how it will affect them now, and in the future.
Baylis Court School enjoys a ‘Fantastico’ visit from Gino D’Acampo
S
tudents from Baylis Court School in Slough were treated to a ‘fantastico’ lunch time experience recently with a visit from popular Italian chef, Gino D’Acampo. The visit was organised by the school’s catering partner, Innovate Services, for whom Gino D'Acampo designs and creates a range of delicious Italian recipes for its school catering teams across the UK under the ‘Simply Fantastico’ brand.
Gino met with students during morning break and lunch time, and was pleased to preview a new selection of Italian salads and dishes, which will be introduced for the summer. These included a chicken pasta salad, two varieties of Caesar salad and ‘Pizzaccia’, which is a freshly baked focaccia topped with tomatoes, mozzarella and rocket salad. A new range of cakes were also available, including ‘Tutti Frutti’, Sicilian Lemon and a wheat-free chocolate cake. Commenting on his visit to Baylis Court School, Gino D’Acampo said: “I was given a fantastic reception by everyone at the Baylis Court School and it was a real treat to preview and serve the new summer options that will be added to Innovate’s menus this year. When designing new dishes, I focus on fresh, simple ingredients that pack a real punch in terms of flavour and goodness; the students were impressed with the dishes I was serving to them, as part of their ‘Italian day’ celebrations. It was great to come along and get involved!”
Deborah Ajose, headteacher at Baylis Court School said: “The students and staff really
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enjoyed having Gino D’Acampo visit us here at Baylis School. The Italian day that our catering partner, Innovate, organised was a great success. It is clear that Innovate has a genuine desire to make school dinners the very best they can, and I was impressed with the new range of summer dishes that have been created by Gino. I tasted a selection and they were all full of flavour and very delicious!”
Added Innovate’s CEO, Derick Martin: “Today, Italian food is one of the most popular cuisines and students really enjoy the Simply Fantastico range of dishes that we serve each day. The Italian day at Baylis Court School was an opportunity for students to sample some of our new dishes and what better way to introduce them than by arranging for our partner Gino to come along and serve the dishes directly to students during their lunch break.”
April 2014
To help explain the concept of ‘credit rating’ we compare it to a person’s ‘reputation’, for example if you were lending money to your friend, you would want to know what their reputation was like for paying people back. If you knew they still owed your other friends money, would you lend to them?
Paint a positive picture
Show how good money management can help to realise your dreams and goals. Inspire them, by talking about things they can aspire to achieve, through saving. This could be their first car, holiday away with their friends or the latest X-box game.
How The Money Charity can help A number of studies have shown that whilst teachers recognise the need to teach financial education, many are just not comfortable doing it themselves. And that is where we come in. We offer teachers and schools tangible and free support to help them address the issue of a lack of training, confidence and time, whilst still meeting their teaching aims.
Designed with the needs of your pupils in mind, we provide free KS3-4 and Post 16 money workshops to young people in schools and colleges across the U.K. Our presenters are fully trained, on all they need to know to engage and inspire your pupils to stay on top of their money. We are currently reviewing our workshop content to ensure it reflects the curriculum requirements for September 2014 – and will be doing so in conjunction with teachers, financial capability consultants and young people. We will be moving towards a modular system, providing for choice and differentiation for teachers and students, with five key areas of focus: planning, saving, debt, financial products and everyday money.
uTo book your free workshop visit
www.themoneycharity.org.uk or call 0207 062 8933
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