[boy’s voice] In this film we’ll see how two schools use MoneySense to help me and my friends make sense of money.
[female teacher 1] MoneySense for Schools is a really important way of delivering financial capability across the curriculum.
[female teacher 2] Delivering PFE is very important, firstly so students can avoid making some of the mistakes we’ve made and secondly t makes them much more aware of the processes they’re going to have to go through in terms of financial decision-making.
[female teacher 3] It makes them just a little bit more aware of why budgeting is so important and saving is so important.
[female teacher 4] What I enjoy about MoneySense is that it’s easy to deliver and all the resources are already compiled and made for you. The interactive nature of the programme makes it engaging for the boys and I like to see how they react to it and how engaged they are in such a topical subject.
[female teacher 4 in classroom] So we’re going to talk about methods for paying for goods and services and also about paying-in slips and bank statements.
MoneySense in Practice…
[female teacher 4] MS for Schools is good for teachers because the lesson plan is already there, the resources have already been created for you.
[female teacher 1] It comes with lesson plans, you get all the resources sent to you as well, there’s no photocopying involved. And everything’s very clearly laid out.
[female teacher 2] The website’s really easy to follow and we found that we were able to go onto the website quite independently and access the resources and use them.
[female teacher 4 in classroom]…draw a line between credit card and paying for something before you actually have the money…
[female teacher 4] The teacher pack and the guide for the teachers is very helpful in being able to deliver and plan the lessons.
[female teacher 2] The most useful resources have been the downloadable cheques which the students love filling in, and the downloadable application form for a current account, which is very important because students often make errors and omissions and it helps train them to fill in any application form, not just an application form for a current account. And also the ATM activity, which both teachers and students love taking part in.
[female teacher 4] It is very accessible for both the teacher and the students.
[female teacher 4 in classroom]… we’ve got four cards – which one is the debit card – hold it up if you think you know. Very good, the blue one. How do we know that this one is the debit card?
[female teacher 2] MoneySense for Schools makes it a lot more accessible for teachers who might not have the confidence in their own ability to deliver this subject area because I think it makes them aware that they do actually know a lot more than they think they do.
[female teacher 4] Everything is there for teachers who do not teach financial literacy normally – all the information is on the website and there’s really no problem delivering it. It’s all packaged for you.
[female teacher 1] All the resources are there that you need and it’s all very practical, it’s very day-to-day – it’s stuff that we all know as adults anyway. It’s just an easy way to deliver that to the children.
Engaging the students…
[female teacher 4] MoneySense for Schools engages children because the nature of the website is very interactive so the boys can come up to the board and they can fill out cheques in front of everybody else…
[female teacher 1]… they can actually practise using an ATM and practise where to put all the bits and pieces of information on a cheque.
[female teacher 4 in classroom] Copy it from the board exactly how you’d fill in a cheque.
[female teacher 2 in classroom]They really enjoy the hand-on approach and it really helps them to learn more effectively.
[female teacher 3 in classroom]OK, today we’re going to move on and we’re going to look at the different services a bank can offer.
[female teacher 3] It really really does get the students going, it really really does get them involved and it’s so easy to use.
What the students think…
[girl 1] It taught me some things I didn’t know, like the difference between debit card and credit card and that store cards aren’t good for you.
[boy 1] It’s telling you what you’re going to need… the skills you’re gonna need later in life.
[boy 2] Now I know not to get into trouble with cards with too much interest and also I know if I’m going to buy things I should buy sensibly and I should pay them back as quickly as possible.
[girl 2] It’s really good that you know how to save and keep a budget so later on in life you don’t get into debt or bankrupt.
[boy 1] It was more interesting than some of the other lessons… Maths, for example… (laughs)… because you’re doing stuff that you’ll need quite soon.
[girl 3] It helps us understand our parents’ point of view when they’re saying, like, ‘we can’t afford it’ and you’re like ‘why?’ but now you realise because they can get into debt and it’s quite a lot of trouble.
Making a difference…
[female teacher 2] I would definitely recommend other teachers and schools use MoneySense for Schools mainly because the resources are so up-to-date and real.
[female teacher 4] MS does make a difference. The boys know what they should be doing with their money, where they should be putting their money. They’re much more aware than I think I was at their age about credit cards, debit cards and getting into debt.
[female teacher 2] MS for Schools through the interactive nature of the resources really does engage the students and the staff.