England, United Kingdom
My Money Week is a personal finance education initiative organised in 2013 for its 5th consecutive year. The high profile annual money awareness week highlights the need for parents and the wider community to gain skills and confidence in financial matters to support young people’s learning in school. The first My Money Week took place in June 2009. It reached since its inception over 2.5 million students, and aims at improving financial literacy for students in primary and secondary schools. The Week is designed to be a flexible programme, within which schools can undertake a variety of activities using diverse curriculum subjects. pfeg provides pedagogical resources, experts’ consultancy, and activity packs.
At the secondary level, pfeg’s “Learning Money Matters” programme, funded by the FSA first and by the Money Advice Service (MAS), ran from 2006 to 2011 and offered free advice, support and resources to schools and teachers who wanted to teach personal finance education in a way that would fit an individual school's needs, with the help of a nationwide network of consultants. These consultants offered a range of free support to teachers to enable them to become confident and competent in delivering financial education to their pupils.
Additional support at the secondary level in England has been provided by the financial education framework “Guidance on Financial Capability in the Curriculum: Key Stage 3 and 4”. Developed by the Department for Children, Schools and Families (DCSF) in 2008, the framework was designed to help school staff and others working with secondary schools to understand financial literacy and to plan and implement personal financial education as part of the new secondary curriculum.
At the primary level, pfeg has developed “What Money Means”, a five-year programme that ran from 2007 to 2012 to increase the quantity and quality of personal financial education. It was designed to give younger children a foundation for managing their money now and in the future. The programme aimed to help teachers feel confident in tackling money with children of primary age. It offered resources and support to help teachers plan and teach personal finance in ways that fit into existing activities and curriculum plans, and at no cost to them. The programme was made available to all primary schools in England in 2011.
Pfeg also acts as a ‘one-stop-shop’ for teachers to find resources to support financial education. These are made available on a searchable database on the pfeg website14. The pfeg Quality Mark accreditation system ensures that resources and materials for teaching financial literacy are suitable, effective and of the highest educational quality, covering Year 1 to Year 13. To date, more than 50 resources have been awarded the Quality Mark. All pfeg Quality Mark resource providers are required to adhere to a rigorous code of practice. The Quality Mark is awarded to resources that are accurate and up-to-date; match curriculum requirements; are easily available, adaptable and low cost; cover an appropriate range of financial topics and have been developed in partnership with teachers and tested in schools.