Financial Education resources

How to use this exemplar to improve practice

The resources, presentation and report, along with reflective questions, offer an opportunity for individuals or groups to examine and explore opportunities to provide effective financial education in their respective settings.

Improvement questions

Why is it important to provide financial education for learners?
How does your current curriculum design offer opportunities for financial education?
In what ways have you engaged with the Money Benchmarks or Benchmarks from other curriculum areas which related to Financial Education?
Are there opportunities for partnership working that could support the development of financial education in your setting?
How can you engage parents in the programme for financial education?

Download(s)

PDF file: Financial resource guide (822 KB)

PDF file: Financial Education: A guide for teachers and managers - Glasgow City Council (1.2 MB)

PDF file: Dundee Guide to Financial Education (1.1 MB)

Scottish Financial Education Conference: Workshop presentation (2.4 MB)

PDF file: Keynote speech from the Scottish Financial Education Conference (374 KB)

Report from the Scottish Financial Education Conference (640 KB)

PDF file: Bunny Money (696 KB)

Explore this exemplar

What was done?

Financial Education key messages were highlighted at a national conference in 2017. This conference was designed and delivered by Education Scotland in partnership with the Money Advice Service, the Accountant in Bankruptcy and the Scottish Financial Education Forum. It was supported by a wide range of delegates from both the education and financial sectors.

The resource guide was created by the SFEF, following a comprehensive search to identify a range of quality materials to support the four aspects of financial capability. These were then compiled into a single document for ease of access.

Why was it done?

Financial literacy is overwhelmingly correlated with socio-economic status and inequalities perpetuate across generations (OECD 2006). Financial education provides some of the key skills needed to address these problems of inequality, and prepares children and young people for life and work. The clear links with Social Studies, Literacy, Health and Wellbeing and Numeracy mean that an integrated, interdisciplinary approach to financial education across the Broad General Education (P1 – S3) is most effective, developing financial capability while providing depth and relevance to the curriculum. These experiences of financial education will help develop the four capacities of Curriculum for Excellence, particularly helping to shape children and young people into responsible citizens and effective contributors.

The aims of the financial education conference were to:

focus on developing practice in educational establishments 3-18 in the context of new guidance supporting numeracy published by Education Scotland: The National Numeracy Progression Framework (including the Money pathway)
examine the contribution financial education can make to other educational priorities
discuss financial education in the context of developing the young workforce; and
examine and explore the ways that industry can support schools to provide effective financial education.

What was the impact?

The following comments are representative of those received at the conference.

"Excellent day - first opportunity to discuss 'Money' benchmarks"
"Financial education should be made one of the national priorities which would help raise its profile and look more carefully at delivery in schools"
"Relevant, engaging and well organised - powerful messages and a memorable experience"
"An excellent days professional development. Extremely pertinent and relevant, lots of ideas to take things forward"
"Awareness raising of organisations who can support financial education was useful and the Money Advice Service research and information and resources was very interesting".

Supporting material

On the Money – an interdisciplinary learning approach to financial education

4 stories from On the Money
Teacher support materials
MP3 files in English and Gaelic for each of the four stories: Funny Money, Down the Pan, Charlie Fly and the Nice Dream and No Change

Money Talks - Family Finances

PDF of the full resource
Financial statements zip file
Wild cards zip file
Hints and tips PDF
Additional material zip file

Junior savers resource – support and advice in setting up a credit union in your school

Links (external)