Educating future generations about financial resilience

Your Money Matters, the ground-breaking curriculum mapped financial education textbook, has landed in Scottish secondary schools after successful roll-outs in England and Northern Ireland.

The book is based on the original English textbook, which MoneySavingExpert founder Martin Lewis funded with a donation of £325,000 to financial education charity Young Money, part of the charity Young Enterprise. English secondary schools received 340,000 copies in 2018 while 15,450 copies have been delivered to schools in Northern Ireland.  

Financial education is currently primarily split across the maths and citizenship curriculums, as well as being included in personal, social and health education (PSHE) lessons.

Your Money Matters is primarily aimed at students aged 14 to 16 but can be used across multiple year groups. Written by Young Money with guidance from Martin Lewis, it will teach them about topics such as savings, budgeting, borrowing, student loans and identity theft.

The book contains key facts and information as well as interactive activities and questions for students to test their knowledge. Chapters are as follows:

  • Savings – ways to save, interest, money and mental health.
  • Making the most of your money – budgeting, keeping track of your budget, ways to pay, value for money, spending.
  • Borrowing – debt, APR, borrowing products, unmanageable debt.
  • After school, the world of work – student finance, apprenticeships, earnings, tax, pensions, benefits.
  • Risk and reward – investments, gambling, insurance.
  • Security and fraud – identity theft, online fraud, money mules.

Martin Lewis said: “The pandemic has shown the lack of personal financial resilience and preparedness of the UK as a whole. Not all of that can be fixed by improving financial education, but a chunk of it can. 

“We need to educate people of all ages, yet young people are professionals at learning, so if you want to break the cycle of debt and bad decisions, they’re the best place to start.”

SW&A fully supports this important initiative and would like to encourage parents and children alike to download a digital copy of the free guide at Your Money Matters – England