Financial Education

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 7 January 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How good are you with money? Are you a saver, a spender or a canny investor and where did you learn those skills - from family, school, or maybe you taught yourself through the university of life?

On Wednesday’s programme we want to find out what makes financial education work well, what do young people want to learn about money and how can we help them to achieve their financial goals?

To share your ideas and experiences with Felicity Hannah and guests e-mail [email protected] now.

On the panel:

Dr Elizabeth Kilbey, Consultant Clinical Psychologist. Rebekah Kelly, Head of Education - School Age, MyBnk Stephanie Fitzgerald, Head of Young People Programmes, The Money Charity

We also hear from Emma Muckalt, joint winner of Interactive Investor's Personal Finance Teacher of the Year 2020 (Primary School).

Presenter: Felicity Hannah Producer: Diane Richardson Editor: Emma Rippon

Transcript

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0:00.0	In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers.
0:08.0	But the man who often found, tortured and sometimes killed these people on behalf of the IRA
0:12.0	was himself an informer, a secret British army agent with the codename Stakeknife.
0:18.0	Who gets to play God? And why me? Why my family?
0:21.3	When lies are still being told to this day, who do you believe?
0:25.1	I wouldn't even know where to start.
0:26.7	And I'm with the IRA.
0:28.5	Steakknife.
0:29.7	Listen first on BBC Sounds.
0:33.8	BBC Sounds, music, radio, podcasts.
0:38.2	Welcome to the download of Moneybox Live, the program about your money.
0:42.0	We're back to home schooling this week, back to teaching fronted adverbials and the
0:45.9	life cycle of bean plants. But there's something else that kids need to be taught, and that's
0:50.2	how to manage money. On today's program, we're going to find out what makes financial
0:54.2	education work, how parents can build on what's taught in schools, and exactly what it is
0:58.8	that children want and need to know. But before we meet today's panel, how much do children know?
1:03.8	I spoke to three kids, okay, I spoke to my own three kids, age nine, seven and four to find out.
1:09.1	Okay, what's money for? You can spend it on stuff like food,
1:14.5	water and Lego sets. What's a current account? I don't know. What does interest mean? I don't know.
1:23.6	What's a credit card? A thing that you're used to getting your money out of banks.
1:29.3	Is it better to spend money or save it?
1:32.3	I often save it but sometimes spend it straight away.
	...

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