Pupils of Frisby Primary School recently completed an introductory course in financial education given by employees from Santander’s Melton Mowbray branch.
The ‘MoneyWise’ workshop was tailored for the students in Year 3 and 4 and focused on different aspects of financial education, including spending, saving and the role of banks.
Sessions were organised so that they were as ‘hands-on’ as possible to encourage children to take an active role in money management, and involved tasks such as budgeting, prioritising and saving. They also looked at how interest works when saving and borrowing money, designed their own banks and considering what banking will look like in the future.
Teacher Louise Fenner said: “The children from Year 3 have really enjoyed their Moneywise sessions.
“The workshops were very useful for our pupils and the content was perfectly suited to their age group. We hope that they will be able to take away the skills they’ve learnt over the past few weeks and continue to develop what is a hugely important life skill.”
Leon Elford, Santander’s Melton Mowbray branch manager, said: “Financial education is such an important skill for children to learn – and the earlier they pick it up the better.
“It was hugely rewarding to speak to the pupils at Frisby CE Primary about the importance of managing money correctly and it was encouraging to see so many of them take an interest in the workshops and better develop their financial understanding.”
MoneyWise is a voluntary financial education initiative organised by Santander aimed at helping young people understand money and the world of banking. The programme consists of three interactive workshops that are designed to last for between 45 and 60 minutes – the length of an average lesson – that help students gain a clearer idea about money and personal finance.