April 2016

The know zone

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Teach, support and encourage your pupils about money and how to manage it by getting your school involved with My Money Week (13–19 June 2016).

Free resources for schools

My Money Week offers ideas and free resources to help both primary and secondary schools plan activities that have a strong money theme running through them.

This year, the initiative will explore ‘money in the news’. Special My Money Weekly newspapers will be published, one for primary schools and the other for secondary schools. Accompanied by comprehensive notes for teachers, they offer ideas on how to use and develop content in a flexible and adaptable way to meet the needs of students and fit around busy timetables. These will be available to download for free after the Easter break on the My Money Week website www.pfeg.org/ resources/mymoneyweek

Chief Executive of Young Enterprise Michael Mercieca said, “Now in its eighth year, My Money Week is an important part of the educational calendar, giving young people the chance to improve their financial literacy and enabling teachers to empower their students through online resources and support. Being able to manage money well enables us to fulfil our potential and is increasingly important in today’s fast-paced world.”

Who is it organised by?

My Money Week is run by Young Enterprise, incorporating pfeg (Personal Finance Education Group), a leading charity that empowers young people to harness their personal and business skills.

Why is financial education so important?

Young people today grow up in an increasingly complex world where they are exposed to financial product advertising at an earlier age. They are required to make decisions that often have a significant impact on their future at a much earlier age than previous generations.

A planned programme of financial education will help young people gain the knowledge, skills and attitudes they need to manage their money well, both now and in the future.

Do schools have to do a whole week of activities?

While it’s fantastic that some schools are able to run an entire week of financial education activities, it is of course not always possible. My Money Week encourages schools to take part in any way that meets their needs; this may be by delivering a lesson on money management, using the resources in tutor time or scaling to a series of lessons or a whole-school event.

Are there other initiatives that schools can get involved in?

Their Centres of Excellence programme (www.pfeg.org/ services/centres-excellence) recognises and rewards schools that are committing to developing and continuing excellence in financial education in their own school and beyond. It not only focuses on giving young people the skills, knowledge and confidence to manage their money well, but provides teachers with a comprehensive professional development programme ensuring that their financial education knowledge is enhanced.

The programme also promotes the involvement of local organisations to assist in the delivery of inspiring financial education sessions and equips schools with tools to cascade this expertise within the wider community, including parents and additional education providers.

Find out more:

For more details, see online at www.young-enterprise.org.uk or email Miranda McHugh at miranda.mchugh@y-e.org.uk

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