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29th Oct 2021 3:06pm News

Talk Money Week 2021- Economic and Financial Education

Join in with this national campaign designed to raise awareness about personal financial and economic literacy.

Talk Money Week 2021 – Economic and Financial Education

Monday, 8th November 2021 marks the start of Talk Money Week, the national campaign to get everyone in the nation talking about money.

Download the Talk Money Toolkit for Schools. It’s brimming with ideas to help educators get involved and talk money in the classroom. Join the conversations on Twitter using #TalkMoney and tagging in @MoneyPensionsUK

Teaching pupils about money matters and how the economy works is more important than ever. The subject of Citizenship equips pupils with the essential knowledge, concepts and skills to make informed and responsible financial choices in their lives today and to understand the importance of good decision making and planning for their future.  – Liz Moorse, Chief Executive, ACT

Economic and Financial Education in the Citizenship National Curriculum

The national curriculum for Citizenship education aims to ensure that all pupils are equipped with the skills to think critically and debate political questions, to enable them to manage their money on a day-to-day basis, and plan for future financial need.

Key stage 3 subject content states: Pupils should be taught about the functions and uses of money, the importance and practice of budgeting, and managing risk.

Key stage 4 subject content states: Pupils should be taught about income and expenditure, credit and debt, insurance, savings and pensions, financial products and services, and how public money is raised and spent.

You may also find the following resources from ACT useful:

Expert-led Webinar – Demystifying Economic and Finance Education recording

Watch an expert-led webinar designed to build teacher subject knowledge. This CPD webinar is led by Ann Whittaker from the Bank of England. It gives an overview about the role of the Bank as a key institution in the UK economy and how developing financial education is key to addressing the teaching requirements of the Citizenship Programmes of Study and GCSE specifications.

ACT Oak National Academy Lessons on ‘How to Manage our Money well’

ACT teachers have designed a unit of work, with recorded lessons, and editable content:

  • How to manage our money well
  • What is the best way to look after your money?
  • How can I pay for things?
  • What are the implications of borrowing money?
  • How can I keep track of my money?
  • Where can I save my money?
  • What are my rights as a consumer?

Access these key stage 3 downloadable resources with slides for you to use and adapt. The accompanying lessons for pupils can also be accessed online.