In our latest blog teacher and tutor Daniel McGough spells out why Financial Education lessons are important, regardless of age.
Financial Education: Who it is for? Why is it important? And how can Tutoring help?
In September 2014 Financial Education became part of the curriculum, but who is it for? Why is it important? And how can tutoring help? This article aims to answers all questions.
Who is it for?
Financial education is for everyone. Exploring themes such as:
From Primary through to Adult education, financial education can be tailored to individual requirements.
Why is it important?
Andrew Percy MP, in an APPG report into Financial Education and the Curriculum states that:
“Young people today grow up in an increasingly complex financial world
requiring them to make difficult decisions for the future, often without the
necessary level of financial literacy. Credit cards, phone contracts, and
tuition fees all require young people to start making choices at a young
age. These decisions only become more complex with age and as such
the country has a duty to equip our young people properly through education
to make informed financial decisions.”
The lack of financial education costs Brits millions every year and over half of 17 year olds are, or have been in debt. Being financially aware can also assist with Entrepreneurship in children and adults, supporting decisions to facilitate a successful future.
How can tutoring help?
Despite being introduced in the curriculum in 2014, a report from The Money Charity (2016) titled “Financial Education in Schools: How to fix two lost years?” found a number of key findings:
Tutoring can provide a focused, tailored and adaptable approach to financial education. We have local tutors who can really help. Equipping children and adults with the ability to make informed choices as well as reducing the stress of decision making in a complex financial world.
Please contact the team at Cardiff & Vale Tutors to arrange a financial education tutor today. Daniel tutors in this important subject and helps pupils, young and old.