The Creating Change Podcast
The Creating Change Podcast

Financial Education - Did you receive one?

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As of September 2014, Financial Education became a part of the secondary school curriculum, after years of campaigning this was now seen very much as ‘job done’. Yet the implementation of financial education differs from school to school, some having multiple hourly lessons yet others having a 30-minute PSHE lesson and ‘that’s it’. That’s what? From experience, a 30 minute lesson often consisted of 5 minutes settling down time, 5 minutes where the teacher had to exercise behaviour management techniques, leaving a mere 20 minutes to rush through the content, at best. To learn the important topic of finance that will see everyone through their lives for multiple decades to come. Yet hours are spent over analysing poems in English, when really the poet probably did just mean that ‘he put on a red coat’, instead of the red signifying a warming sign over the foreshadowing dangerous events.

According to The Money Charity (Financial education in schools: why we need direct delivery - The Money Charity, 2021) almost two thirds of teachers told them that financial education in the UK is somewhat or very ineffective. The report states that it is clear to see that teachers say financial education is more important for students than most subjects, but school leaders disagree (2021). This is due to the fact that school leaders face very little external pressure around financial education, so it is sadly therefore not prioritised. As research into the effects of financial education is sparse, and often results do not feature in school league tables many students miss out on the vital financial education that they should rightly be entitled to. From personal experience and talking to a multitude of my friends I know that if we received a strong financial education, we would feel more equipped after leaving school. At the end of the day Pythagoras Theorem isn’t going to pay my taxes, equip me with the knowledge to apply for a mortgage or help me to understand how to build up my credit rating.

If you are reading this and thinking I had next to no financial education and don’t have a clue what I am doing – this was me. I am not going to say I am some financial expert or some great investor because quite frankly I am definitely not. But from moving out at the age of 18 and trying to navigate the complex world of finance these few things have definitely helped me.

  • Firstly, Martin Lewis – Money Saving This website has been my map in the minefield of finance. From searching for tips on budgeting to advice on household bills this website truly does cater for everyone, providing unbiased advice around any situation.
  • Secondly, The Money Charity proactively provides education, information, advice and guidance to people of all ages throughout the UK, helping them to manage their money well and increase their Financial Wellbeing. I love their advice and information section and their free downloadable student money manual has been a personal lifesaver of mine.

To read the report discussed above please find Here.


  • The Money Charity. 2021. Financial education in schools: why we need direct delivery - The Money Charity. [online] Available at: <> [Accessed 1 April 2021].
  • 2021. [online] Available at: <> [Accessed 1 April 2021].

About the Author

Annabel May
My name is Annabel May and I am currently working as a Level 3 Business Administration Apprentice at New Schools Network. In my spare time, I volunteer for a number of organisations including NSoA (The National Society of Apprentices), OBESSU (The Organising Bureau of European School Students Union), and Multiverse as an Outreach leader, to further raise awareness of the important social issues young people are facing today. I am currently launching a political campaign to lower the pension auto-enrolment age for apprentices and lower-paid workers, plus I also attended the NUS National Conference where a range of issues was discussed from sexual violence and relationship abuse to the cost of living and student housing. As a content planner with The Creating Change Podcast, I aim to diversify the issues talked about and promote action amongst young people, such as myself.