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The Leeds provides financial education for pupils

by Kevin Rose
11 May 2020
YBS sounds academy financial education warning
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The Leeds Building Society is sharing new learning resources with its members, colleagues and communities.

The Society started piloting financial education sessions for Leeds schoolchildren at the end of last year and was looking to roll out the programme further so more pupils could benefit.

This had to be postponed due to the current coronavirus pandemic so the worksheets – developed by the Building Societies Association (BSA) and Young Money – have been redesigned and are downloadable for home school use.

More information on the resources can be found on the Society’s website here.

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Nick Young, who chairs the Leeds Building Society’s corporate responsibility steering group, said: “Our initial financial education sessions were really popular with pupils and the colleagues who volunteered to lead them.

“We’d been looking forward to going out to more schools and, while this isn’t possible at the moment, wanted to be able to carry on the programme and also offer parents and carers a little help with keeping youngsters occupied while they’re at home. Young Money has done a great job distilling important learning into a bite-sized format and we’re keen to share it far and wide.

“Our business was founded by people who realised working together to manage their money would empower them in other ways, and understanding your finances remains a vital life skill everyone should learn.

“Financial education goes beyond maths – our resources are designed for children of different ages but there’s nothing to stop adults taking a look too and testing themselves on what they know.”

The materials are suitable for children at Key Stages 1 to 4 of the curriculum, and were developed in partnership with teachers by Young Money and the BSA.

The updated versions of the worksheets include tips for starting conversations about money and guidance for parents and carers on the exercises. These cover topics such as budgeting, setting savings goals, keeping money and identity safe, and understanding the difference between financial wants and needs.

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