Start early: Evidence tells us that children’s attitudes about money are well developed by the age of seven. So, incorporate learning about the world of money into your teaching from pre-school upwards.
Put learning into practice: Providing pupils with a combination of in-class and experiential learning has been shown to be most effective. You could organise a school savings bank, support groups of students to open bank accounts or give children the opportunity to manage a budget.
Make the most of everyday events: Financial education can be particularly effective if it coincides with an opportunity for the young person to put it into practice. For example, more detailed learning about banks and saving could coincide with students approaching the age of 11 when they can open an account.
Involve parents and carers: As in other areas of learning, school-based financial education will be most successful when parents are engaged too. Invite parents to get involved in experiential financial learning activities, or encourage students and parents to develop their learning together at home.