Learning Money Matters for Secondary Schools

Learning Money Matters was a 5 year pfeg initiative aimed at increasing and improving personal finance education in secondary schools in England, so that all young people would leave school with the financial knowledge, skills and confidence they need to live full adult lives.

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The project
April 2006 to March 2011
Project brief: 
The Learning Money Matters project consisted of three tasks: working with the educational sector to raise the profile of personal financial education and help translate the Government’s commitments into the classroom; providing specialist support, training and materials for teachers in schools; and developing supporting resources to complement this work.
The funding
Funded by: 
Funder brief: 
In 2006 The Financial Services Authority tasked pfeg with running the Schools strand of its National Strategy for Financial Capability. The objective of the Schools project was to ensure that the Government’s aspirations for high- quality and comprehensive personal financial education were actually delivered in the classroom.

Learning Money Matters successfully worked with 4,259 secondary schools across England over a 5 year period reaching over 2 million young people. It offered free advice, support and resources to schools and teachers who wanted to teach personal finance education in a way that fitted an individual school's needs. The project also linked to other projects creating synergies with My Money Week and encouraging schools to participate and create a permanent place for personal finance education within their curriculums.

The Learning Money Matters approach was designed to ease the pressure on teachers by helping them integrate personal finance into the work they were already doing. If they didn’t feel confident about money issues themselves, we were able to help with that too.

Across the curriculum
Learning Money Matters helped teachers introduce personal finance in all areas of the curriculum. For example:

  • in Personal Social Health and Economic education students could look at managing family budgets
  • in citizenship, students could look at taxation and what the government uses it for
  • in enterprise education, students might study how to write a business plan and assess financial risk
  • in mathematics they can calculate the cost of taking different summer holidays
  • students can look at the use of the Euro in modern foreign languages
  • in geography, they could study the implications of our consumer choices on peoples' lives in other countries.

The Financial Services Authority's (FSA) Financial Capability division was transferred to the Consumer Financial Education Body (CFEB) in April 2010. In April 2011, CFEB became the Money Advice Service.

Read the evaluation report for Learning Money Matters.