Personal finance lessons for five-year-olds
'If they have £2 they could choose to spend £1 on comics and save the rest to save up on a computer game'
05 January, 2018 — By Helen Chapman
A PRIMARY school is to start teaching pupils about money matters from the age of five, preparing them for a life of earning and managing cash.
New lessons at Netley Primary School and Autism Centre in Stanhope Street, Regent’s Park, will teach children from nursery age to recognise coins and how to buy simple items.
Deputy headteacher Gareth Morris said: “We want young people to have an appreciation of saving pocket money and seeing it grow. If they have £2 they could choose to spend £1 on comics and save the rest to save up on a computer game.”
He added: “From personal experience the only way you can really appreciate financial education is by having a bank account when young, saving pocket money and seeing it grow. There isn’t an expectation for our pupils to open bank accounts but if children become more familiar with banks when young, they get that appreciation.” The school is involved in a partnership between charity Young Money and Santander bank.