Record numbers of pupils receive financial education

The Personal Finance Society’s financial education programme has held a record number of sessions since returning to schools last September.

The My Personal Finance Skills programme, targeted at students aged 11-18 years old, delivers free financial education to schools across the country to help students understand more about money and leave school ‘life-ready’.

Across the academic year 2020 to 2021, a total of 630 sessions were delivered to students through the programme (584 remote, 46 in-person at schools). These sessions are estimated to have reached over 18,000 students.

Despite some sessions being cancelled when the Omicron variant resulted in schools limiting access in the winter of 2021, during the 2021 to 2022 academic year 700 sessions were held reaching more than 23,000 students.

As a result of the cost-of-living crisis, the hundreds of Personal Finance Society members who volunteer to deliver the sessions have revealed increased appetite from students to understand how inflation will impact the day-to-day way they manage their money.

My Personal Finance Skills sessions explain topics such as payslips, debt, saving, insurance, and credit and allow Personal Finance Society members to share how they find a career in financial planning to be rewarding as it allows them to help clients achieve their life goals.

Sarah Lord, President of the Personal Finance Society, said: “I would like to thank the hundreds of volunteers who give up their time, free of charge, to go into schools and help educate youngsters about managing their money.

“With headlines about the cost-of-living crisis, inflation and recession it is vital youngsters are educated and empowered with information so they can ensure their finances are in the best shape possible. These sessions demonstrate the power of financial planning as an activity and career.”