Financial terms

• A survey by the UK Payments Council has found a notable lack of knowledge around the meaning of some of the most common financial terms, for example, only 36% of people understand that the term APR relates to payments. This falls further to 31% amongst young people aged 18-34.

Bank interest rate

• 12% of adults, rising to 17% of under-35s, believed the current Bank of England base rate stood at more than 10%. The base rate currently stands at 0.25%.(The MAS report)

Bank Statement

• 16% of the population can’t read a bank statement and
• 3/10 can’t pick the best out of three individual savings accounts.(The MAS report)

Understanding Personal finance is one of the most real life skills a child can learn to enable them to adapt into adult life. it has been evidenced that learning the basics of theses skills before the age of 11 have a far greater affect and installs financial habits which will stay with the individual throughout their life.

We have a fully qualified Financial Advisor (CeFA, DipFA, MiFA) with more than 10 years experience worked withing the banking industry, we have a learning framework to teach your children through KS1 and KS2 the basics of their future financial needs.