First-ever financial education textbook lands in schools – funded by Martin Lewis – Video

All 3,400 state-funded secondary schools in England will get 100 free copies of a financial education textbook this week, thanks to a £325,000 donation from MoneySavingExpert.com founder Martin Lewis.

Your Money Matters, the first-ever curriculum-mapped financial education textbook, is aimed at students aged 15 to 16, and will teach them about topics such as savings, budgeting, borrowing, student loans and identity theft. It was written by the financial education charity Young Money with guidance from Martin.

Martin said: “I passionately believe that financial education could have a huge impact on the future wellbeing of millions of young people.

“When we got financial education on the national curriculum in 2014, we celebrated thinking the job was done. We were wrong. Schools have struggled with resources and there’s been little teacher training. Something else was needed to make it easy for schools and teachers.

“I still wrestle with whether it’s right that a private individual should fund this. Yet nothing else was forthcoming, and pragmatics outweigh principles.”

What is in the textbook?

Financial education is currently primarily split across the maths and citizenship curriculums, as well as being included in personal, social and health education (PSHE) lessons. 

The textbook contains facts and information as well as interactive activities and questions for the students to apply their knowledge. The chapters are focused on the following areas:

1. Savings – ways to save, interest, money and mental health
2. Making the most of your money – budgeting, keeping track of your budget, ways to pay, value for money, spending)
3. Borrowing – debt, APR, borrowing products, unmanageable debt.
4. After school, the world of work  student finance, apprenticeships, earnings, tax, pensions, benefits.
5. Risk and reward – investments, gambling, insurance.
6. Security and fraud – identify theft, online fraud, money mules. 

Read more about the text book and watch Martin explain more and why he’s financing it  First-ever financial education textbook lands in schools – funded by Martin Lewis – Video

Please tell us your thoughts in comments or via twitter ~ Tamsin

Don’t forget you can sign up to receive our daily email bulletin (around 7am) with all the latest schools news stories. Your details will never be given to anyone else and you can unsubscribe at any stage. Just follow this link 

We now have a Facebook page - pls click to like!

 

More recent posts...

middle-leaders-handbook

Teachers from London school fight against academisation plans
British teachers work harder than peers in most other countries, study finds
Categories: Budgets, Learning, Secondary, and Teaching.

Comments

  1. A. Tait

    Would like to know why Martin Lewis is putting his book into English schools and not the rest of the UK. This sounds a bit racist to me.

Let us know what you think...