Students learn to manage their money

Personal Finance education is of more importance than ever before, as money and banking have become much more complicated over the last few decades. Children are also involved in money matters and banking at much younger ages. This year’s national My Money Week coincided with some free slots in Block 3 and 4 PSHE time, and so I took on the task of covering as much as I could about personal finance and making sensible decisions with money in a mere 75 minutes. The students learnt how to read and interpret a bank statement, and understand what is meant by concepts such as overdrafts and credit, and the importance of budgeting and its use in planning income and expenditure over time. Next academic year, I hope to look with them at the bigger economic picture and the role of interest rates, the money supply, the importance of saving/delaying consumption, and the intricacies of the banking system. Read more.

By Ruth Tarrant, Head of Economics

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Bedales School is one of the UK’s top independent private co-education boarding schools. Bedales comprises three schools situated in Steep, near Petersfield, Hampshire: Dunannie (ages 3–8), Dunhurst (ages 8–13) and Bedales itself (ages 13–18). Established in 1893 Bedales School puts emphasis on the Arts, Sciences, voluntary service, pastoral care, and listening to students’ views. Bedales is acclaimed for its drama, theatre, art and music. The Headmaster is Keith Budge.

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