Wednesday, 22 October 2008

Teaching resources to prepare kids for life as it is, not as we would like it to be.

We all need it, we all worry about it incessantly, but we don’t talk about it even with our closest friends. Talk of “numbers” makes our heads spin, even simple calculations important for the wellbeing of a typical family such as APR and compound interest are beyond the comfort zone for many, and potentially life changing concepts such as hedging, IRR and P/E ratios leave most people, teachers included, blinking open mouthed.


If we are going to prepare the next generation of school kids for a successful life, these topics need to be an integral part of the curriculum - alongside more popular and conversation friendly topics such as English and History.


Does it make sense to work all day every day for your whole life, squirreling away a little at a time – and then dumping it in into a pension fund or a bank which you don’t understand and have no control over? Shouldn’t you and your students at least understand it a little? How come even in this current financial crisis, people with good working financial understanding are rubbing their hands with joy? Could your kids be one of them in the future?


Here are some wonderful teaching resources from the AA and RBS which can help your kids get their arms around their finances now and for ever more.

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