I am a banker by profession who retrained as a teacher 10 years ago. Ever since, I have been teaching financial capability qualifications in a further education college.
I feel passionately about the importance of this type of education and could give you countless examples of the very real and positive impact this can have on a young person’s life. Money management requires relatively simple numeracy to be effective.
The overwhelming majority of my learners say they think these types of classes should start much earlier as some of them have already developed some unhealthy attitudes towards money by the time they reach 16.
We are too reactive to providing advice and guidance to people who find themselves in debt. Let’s be proactive and educate young people properly so they do not find themselves at the mercy of payday loan companies in the first place.