What others think about our money management lessons

Teachers, politicians, educationalists, parents, journalists – everyone who has seen our money mentors at work has been full of praise, both for the commitment of the students teaching the lessons and of the involvement of the pupils.

The peer-to-peer model works. Children are learning basic money management skills not from the usual teachers, but from people just a few years older, who are still at school and who want to pass on what feels like insider information. This isn’t school work; it’s a genuine life skill, from young people the children can look up to.

Don’t take our word for it; here are some endorsements from young people, teachers, politicians – even a former Governor of the Bank of England.

Avondale007Money Mentors

“Being a part of the money mentors programme has been such a great opportunity for me. It has helped me to develop as a person, giving me confidence and important life skills like communication, which will no doubt be of use in the future. Being able to write and deliver these lessons has taught me a lot about the important of handling money with care and has really helped to develop my understanding of the economy. The best part is that I’ve been able to pass on what I’ve learnt to so many young people and I feel lucky that I’m able to continue my involvement now that I’m at college.” Sarah Fender, Former Southlands High School Student

 

“Being a Money Mentor has certainly improved our confidence and communication skills. We have enjoyed writing the lessons and also delivering them to pupils in Primary Schools. We do feel that we are making a difference as we are helping younger children understand the importance of adopting a more sensible attitude to money.” Southlands High School Money Mentors Team

Primary school pupils

“The lesson was really enjoyable and it was good listening to the diaries. When I arrived home I told my mum all about the lesson and even rang my dad and told him. I am looking forward to the next Money Management lesson.” Kourtney, age 10, Longshaw Junior School

“The lesson was excellent. At home I spoke to my mum about the lesson. The Money Mentor teachers were very good and they made us all answer questions.” Leila , age 10, Longshaw Junior School

“I love teaching the lessons. You get to be the teacher and then you can help people if they don’t understand. I used to be a bit nervous when I had to speak in front of the class but this has made me more confident. I’ve learnt that most people have debt but this is not necessarily a bad thing. It’s if the debt is for something important like a house and then if you can pay the money back that you owe. Then debt is okay. It’s part of life and we have to deal with it sensibly.” Poppy, aged 10, Medlar with Wesham Primary School

Teachers

“This has been such a valuable programme for the school to work on. Throughout the lessons the children have worked on practical activities looking at saving, identifying ‘wants and needs’ and budgeting. We believe it is vitally important that from a young age all children develop their understanding of money management as it affects every aspect of daily life. I know that the staff have found some of the advice really valuable too.” Georgina Ryding, Headteacher at St Matthews, Bolton.

“The excellent resources that have been developed by High School children for use in our school have had a real impact on learning. Our pupils relate to this material – the booklets with true to life stories and the video clips – because they see young adults, like themselves, talking about some very grown up issues in a way that they understand. The DebtAware programme has allowed my school to add another level of readiness for the adventures which now await our pupils in Year 7 and beyond. It is now our hope that the children who leave our care are confident, well rounded and happy individuals, who have a sound working knowledge of importance of money in their lives.” Mrs Astbury, Headteacher at Medlar with Wesham Primary School

“At St Peter’s, we strongly believe in teaching children to handle money responsibly and have been using PFEG materials to make children aware of money matters for the last four years. We got involved with Southlands High School and Debt Advice Foundation on their Financial Management programme last year and have had a team of Year6 children trained to deliver lessons in financial management to other classes. The children thoroughly enjoyed their time, both during training and when they delivered their lessons. The lesson on ‘Wants and Needs’ was received very well. The children’s knowledge and confidence was impressive. The lessons invoked questions about account keeping, credit cards, mortgages and profit and loss. It cascaded into fund-raising activities which the children undertook showing awareness of the cost of materials and time. We are pleased to continue our involvement with Southlands and DAF and look forward to a new cohort of trained financial management specialists.” Abeda Pierce, Year 6 teacher and Maths leader, St Peter’s CE Primary School

Avondale021“I would just like to say how much my Year 6s have enjoyed the money mentor programme. The subjects covered are very beneficial, even at a young age and I feel the children have gained a lot from it. The work is enjoyable through the use of stories and quizzes. Thank you to all the staff and pupils at Southlands who are involved in the programme, you have obviously worked hard to put this together and should be very proud of what you have done.” Anna Rostron, teacher, Buckshaw Primary School

“The money management lessons have been extremely beneficial to our children. The Yr5 and Yr6 pupils really enjoy the challenge of delivering lessons to their peers, and the support they received from the High School pupils was fantastic. So far, they have learned about budgets and about the difference between “wants and needs”. The lessons were well resourced and the support we received from Mr Souter and our local high school was fantastic. The programme is highly recommended by all of our staff and pupils in Yr 5 and Yr6, and could be useful to a much wider audience in the current financial climate.” Michael Chambers, Deputy Head, Coppull Primary School and Children’s Centre

“Four Longshaw Primary School pupils attended two sessions relating to Money Management and the use of the money diaries. After taking part in this project the children were confident enough to deliver a lesson on what they had learnt to both year 6 classes. We felt this was a worthwhile experience for all involved and for the future management of their own finances.” Mrs Brenda Bolton, Longshaw Junior School Teacher, Blackburn

“The Programme fits in well with our maths curriculum, because it involves applying maths to everyday life, and it is teaching our children important life skills.” Mike Mitchell, Headteacher Seven Stars Primary School, Leyland

“It is really important for children to learn to manage their own money, and the teachers and pupils have all spoken very positively about the lessons and the Wellfield students. Some of the children have said it was useful to learn to save their pocket money instead of spending it straight away. It was also good to see four of our former pupils coming back to the schools and teaching the lesson.” Joanne Ramsbottom Headteacher Farington Primary School, Leyland

“As a Money Mentor we gain valuable life skills in not only the financial education we are teaching, but also in our confidence, in our ability to educate and adapt. By providing the finance lessons to younger children we learn how to adapt our lessons to suit different audiences, similarly when we present at conferences and speak to various people about the programme. There is no doubt that we as Money Mentors benefit from being part of the programme, we are taught professionalism and also it helps us to form sound and sensible attitudes towards money, which we are able to pass on to the children we teach.” Hannah Dickson, Money Mentor, Runshaw College, Leylan

“The series of lessons provided by the Debt Aware Programme have been an invaluable experience for my pupils. Children learn important life skills through fun and engaging activities which are supported by high quality educational resources. From the importance of money management, to hands on methods of dealing with debt; the programme allows children to easily access “the world of money” and supports them in their development of essential economic awareness.” Aimee Hosker, Class Teacher, Reedley Primary School, Burnley

“The lessons delivered from Debt Aware are an essential part of our curriculum. Skilling our children, as to how debt can have a negative impact on family life are very important. The tasks the children are given are age appropriate, moreover, they encourage the children to think independently. Some of the best writing I have ever seen from Year 6 pupils , followed James’ diary extract. The children are always engaged and enthusiastic in every session. I would have no reservations in recommending “Debt Aware” a superb service” Jonathon Berry, Assistant Headteacher, Avondale Primary School, Darwen

Debt Advice 2012 (27)“The DebtAware Money Management Programme provides children with invaluable learning and understanding about money in a “real life” context. By engaging with this programme, children can begin to appreciate the real value of money, develop budgeting skills, acquire a positive attitude to the importance of saving money and gain an insight into the numerous problems that can occur if money is not handled correctly. Children are therefore being equipped with financial management life skills which are an absolute must!! The children at Heasandford Primary School in Burnley have all thoroughly enjoyed being actively involved in all aspects of this innovative programme.” Wendy Silvester, Class Teacher, Heasandford Primary School, Burnley

“The lessons that the students deliver are engaging and age appropriate to our pupils. The teaching style adopted suits our learners and they bear in mind the fact that our classes contain pupils of varying ability. The themes of the lessons are interesting and relevant and include key information about money that otherwise, may not be taught to the pupils. The teaching teams are happy to adapt and change lessons to suit our pupils needs, which is always appreciated and they work well with our teachers in order to make the changes for the benefit of the pupils” Helen Chadwick, Year 9 Teacher, Astley Park Special School, Chorley

“The Money Mentor programme provides a wide range of opportunities for our students. As well as allowing them to reflect on their own understanding of money management, it provides talented students with the opportunity to work independently and become quite resourceful. They respond enthusiastically to the challenge of teaching the lessons. The levels of responsibility and maturity they demonstrate in their relationships with the primary schools students is truly uplifting.” Dave Goulden, History Teacher and DebtAware Coordinator, Southlands High School

Politicians

“I was impressed by the educational books written by the students for the primary schools you are working with. They should be very proud of their work and I am sure the books will help the primary students with their financial literacy.” Elizabeth Truss MP, Parliamentary Under Secretary of State for Education and Childcare

“The girls’ work was ideal to give children an introduction into finance and handling money. It is beautifully presented, very well written and informative.” Rt Hon Ed Balls MP, Shadow Chancellor of the Exchequer who met with students when he was Secretary of State for Education

“I was interested to read more about the Debt Aware Money Management Programme. I am pleased that your resource will be made available to schools to equip their pupils with money management skills, and that these lessons are delivered by pupils is an interesting approach. I would have enjoyed the opportunity to meet you, and some of the children involved in the money management programme, to hear more about the lessons. I am sorry to say that, because of heavy diary pressure, I am unable to do so at present. I do, however, wish you every success with the programme” Rt Hon Nicky Morgan  MP, Secretary of State for Education

“From September 2014 Financial Education will be included in the national curriculum. Support and advice from programmes such as the Debt Aware Money Management Programme is vitally important to ensure that all future generations are taught the skills and knowledge of personal finance, which they will need throughout their lives. A sound knowledge of managing, and taking control of, personal finances is crucial not just as an engine for social mobility; it is crucial to deliver proper scrutiny of banks, driving better behaviour and better standards for future generations.” Mark Garnier MP, Vice Chair of the APPG for Financial Education

Financial experts

“I was very impressed by the debt diaries, they are an excellent initiative and I am happy to support the scheme.” Sir Mervyn King, Former Governor of the Bank of England

“I am a firm believer that Money Management should be part of the National Curriculum as it is something we all need to do in our lives. Basic understanding of budgeting and financial products is therefore a great thing for children to have and I love the fact the Money Mentor Programme at Southlands High School in Chorley was devised and is taught by pupils themselves. It’s fantastic to see schools include financial education in their timetables.” Clare Francis, Editor in Chief, MoneySupermarket.com

“The Money Management lessons from Southlands High School in partnership with Debt Advice Foundation are moving and splendid to observe. It’s astonishing and motivating to see learning and engagement deepened by kids teaching kids. It prepares our children in their formative years for a future adeptness and maturity with money, goal setting and choices. Survival skills or financial common sense, this is what people really need to know about money including practical advice on budgeting. Made the more remarkable when one grasps the potential economic benefits for society today and in the future.”  Steve Conley, Chorley Financial Services, a local financial advisor

“I think the older children mentoring the younger children are unique and valuable. I was amazed at how much the pupils knew about budgeting, the cost of living and the value of money.” Graeme Jones, Hyndburn Member of Parliament

Educationalists

“I have been extremely impressed by the Debt Aware Money Management Programme and the impact it has had in Lancashire schools. The Debt Advice Foundation recognised the potential of the programme in its infancy and also the dedication and determination of the Money Mentors to make it the success it has become. Not only has the work impacted on the young children in primary schools but also on the development of the high school students, who have been involved in training the primary children. Schools have been keen to be involved in the programme and I hope that it will go from strength to strength.” Barbara Farbon, Senior Teaching and Learning Consultant PSHE, Lancashire

“I am a Primary Education PSHE tutor at Edge Hill University. The DebtAware Education Manager and some of the Money Mentors presented the Money Management Programme to several groups of trainees. Both I and the trainees were really impressed with the quality of work and range of ideas given for using this programme within Primary education. In fact the trainees commented that they wished this information could have been a part of their own former education. The pupil booklets which accompany the scheme really do present opportunities for cross-curricular work as well as the main theme of money management. The trainees were able to take the resources away with them and use them on their subsequent school placements. A former trainee of Edge Hill , who is now a PSHE co-ordinator in a large Primary school, is working closely with the programme to enhance and develop the PSHE provision in her school.” Vivien Smith (Associate Tutor) Edgehill University, Ormskirk

“I visited Southlands High School in 2011 to observe the Money Management Programme that had been developed by senior students in the school, alongside and with the support of Debt Advice Foundation. The programme was being delivered to Primary School pupils from a number of Southlands contributory schools. I was so impressed with the high quality of the student sessions, their interaction with the younger pupils and with the excellent resources such as the Money Diaries. I felt that all schools in the country could benefit from such a powerful and creative approach to Financial Education and mentoring. I was delighted to be able to promote and support the dissemination of this superb initiative across the country through my work with PFEG.” Judith Short, PFEG Consultant

“The DebtAware Money Management Programme provides children with invaluable learning and understanding about money in a “real life” context. By engaging with this programme, children can begin to appreciate the real value of money, develop budgeting skills, acquire a positive attitude to the importance of saving money and gain an insight into the numerous problems that can occur if money is not handled correctly. Children are therefore being equipped with financial management life skills which are an absolute must!! The children at Heasandford Primary School in Burnley have all thoroughly enjoyed being actively involved in all aspects of this innovative programme.” Wendy Silvester, Class Teacher, Heasandford Primary School, Burnley

“The lessons that the students deliver are engaging and age appropriate to our pupils. The teaching style adopted suits our learners and they bear in mind the fact that our classes contain pupils of varying ability. The themes of the lessons are interesting and relevant and include key information about money that otherwise, may not be taught to the pupils. The teaching teams are happy to adapt and change lessons to suit our pupils needs, which is always appreciated and they work well with our teachers in order to make the changes for the benefit of the pupils.” Helen Chadwick, Year 9 Teacher at Astley park Special School, Chorley

Parents

“My daughter, Grace, has been chosen for the programme at Christ the King, Burnley. What a great scheme this looks to be. A superb start for kids, and very much appreciated thank-you. She is very very pleased and so looking forward to it.” Tony, Christ the King Primary School, Burnley