Tales from the piggy bank

4th November 2005 at 00:00
It is vital to keep an eye on your finances and, as Jerome Monahan reports, help is out there

In July 2000 the Department of Education issued guidance encouraging the development of pupils' financial capability through personal finance education. It asked primary schools to entrust a member of staff with particular responsibility for formulating a whole-school approach. Easier said than done -but the task has become a whole lot more straightforward with the publication of a key stage 2 handbook from the personal finance education group (pfeg).

The resource, available free from the charity's website, emerges from a year-long pilot (2004-5) involving 13 schools across England. It features sections outlining the rationale for personal finance education in primary schools and setting out a vision for whole-school, cross curricular delivery of the subject. Most vital of all, it includes case studies from all the participating schools and a section outlining precise subject-by-subject delivery of personal finance education with worksheets and guidance.

There are materials here for ICT, languages and mathematics. For the latter, the resource encourages students to engage in budgeting exercises and the construction of a bank statement from a collection of debit and credit slips -all activities rich in opportunities for number work and calculation. The handbook joins a number of new titles that have come out under the pfeg banner, swelling the already vast stock of free resources and case studies on their website.

Money Week is also aimed at primary schools, but its emphasis is on providing schools with the ideas and inspiration to deliver personal finance education in a more tightly time-focused way. A successful money week, claims the guide, will provide the launch pad for raising personal finance education's profile in school and give staff the confidence and awareness to tackle the subject more consistently in their teaching. As well as a number of intriguing activities, the publication provides advice concerning the best ways to draw parents into planning and delivering the event.

Money Week was destined to be an FSA - the financial services watchdog - publication, but has been developed and placed under pfeg's banner, in recognition of the charity's emergence as a one-stop-shop for schools and teachers. The same dynamic has seen pfeg update and revise another former FSA publication - Make the Most of It! This is aimed at KS45 students and has been overhauled to provide a set of bite-sized activities for citizenship and pshe sessions, updated to reflect changes in such things as student loans.

Completing the set - pfeg has also taken on and overhauled the detailed notes that support the Channel 4 Learning money programmes "Looking After the Penneys", which is currently being re-screened.

* Links KS2 Handbook www.pfeg.orgresourcespfegprimaryhandbook.asp Money Week -downloadable or obtainable as a free dvd www.pfeg.orgdocumentsresourcesMoneyWeekMoneyWeekpack.pdf Make the Most of It www.pfeg.orgresourcespfegMakethemostofit.asp

* Looking After the Penneys continues on November 9 and 16 at 4.50 am web.channel4.comlearningmainnetnotesseriesid147.htm

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