For parents

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 home.

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 Panel).

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 leave home.
• 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 moneysense@education.co.uk.