Financial Education
Intent
At Brampton Primary School we support all our children in gaining the knowledge, skills and attributes needed to develop into future citizens who have happy, successful and fulfilling lives. We believe that the ability to manage money is a key life skill which also has implications for the spiritual, moral, social and cultural development of each child.
Implement
We are very pleased to have been re-accredited as a Young Money Centre of Excellence in Financial Education. This means that we have shown how we embed Financial Education into our day- to day curriculum. In addition to maths lessons children also gain personal finance knowledge and skills in other subjects including English, PSHE, Art, Design & Technology, History and Geography.
Year Group initiatives form exciting opportunities for our pupils to work with parents, local businesses and the wider community. Once a year we hold whole school events which focus on financial education. These weeks develop children's understanding of money, enterprise and careers. By Year 6 our pupils are able to organise and run fundraising events with minimal adult support, demonstrating a level of financial capability which should stand them in good stead for the future. We are excited to be working as a ‘Centre of Excellence’; we look forward to sharing our knowledge and experience with other schools.
Impact
Financial literacy is a core life skill for participating in modern society. Our children are growing up in an increasingly complex world where they will eventually need to take charge of their own financial future. As young adults learning to live independently they will need to know how to budget and make wise financial choices for everyday living, for example, choosing mobile phone and utility contracts. They will need to manage risks: save for a ‘rainy day’, avoid taking on unmanageable debt, and provide for their old age and health care. We hope that our financial education programme at Brampton Primary School will have a positive, long term impact for our children in the future.