You might have arrived at the MoneySense for Schools website as
a result of searching for clear information and guidance to help
your children learn about money management, or you might know that
you son or daughter has been using the resource at school or at
RBS group believes that an informed and financially capable
generation will be a successful one and is committed to delivering
on this priority through the MoneySense programme.
MoneySense is an impartial programme which does not promote
products or services. It has a presence in over 65% of secondary
schools in England, Scotland and Wales.
There's something in MoneySense for everyone aged between 11-19.
The programme takes young people through the most important aspects
of financial capability - from understanding how banks and other
financial providers actually work, to opening an account and
reading a bank statement, understanding what is involved in
borrowing and issues relating to debt, budgeting and planning for
their future life choices. They can even learn how money works in
business and enterprise.
The MoneySense for Schools programme has proven to make
a positive difference to young people. Those taking part in at
least two lessons displayed more positive attitudes and behaviours
towards money (source: MoneySense Research
How you can help
- If you give your children pocket money or an allowance
regularly, encourage them to start budgeting. Talk about how and
where they might save part of their income, however small. You
could also suggest opening a savings account.
- You'll find the Planning your future
module particularly helpful. Get your children involved in the
household budget and ask for ideas about how to cut back on
expenses such as reducing waste, using less electricity and gas or
walking to school/work rather than taking the car. There's a sample
weekly shopping list in the Planning your future
module which will help your children to realise how much basics
like food cost so they are more prepared when the time comes to
- Half the UK's teenagers have been - or still are - in debt.
It's easy to slip into the 'buy now, pay later' attitude to
spending, but what is the real cost of a loan or an unpaid credit
card bill? The Credit worthy module is a
good place to start finding out.
- If you have younger children aged 7-11, you'll find Pocket
Money magazine a really useful impartial resource, designed to make
learning about money fun and engaging. Produced 3 times each year,
you can view online or order your free copy.
Tell us what you think
If you would like to share any experience of MoneySense for
Schools, have feedback or questions, send us an email at firstname.lastname@example.org.