Students Taught To Manage Their Money

Secondary school pupils in Jersey are being taught how to look after their money.

Workshops led by organisations including Community Savings, the JFSC and Consumer Council will aim to help them prepare for the responsibilities of adult life.

Beginning this week, students in Key Stages 3 and 4 will receive the presentations to help them make informed decisions and develop good financial habits to set them up for adult life.

It’s after the Channel Islands Financial Ombudsman said there was “a concerningly low level of financial literacy amongst some local consumers” in its last annual report.

Steve Eldred from Community Savings says the workshops should help to put that right:

“Recent research commissioned by The Money Charity has shown that just a single one-hour workshop can be effective in improving the financial capability of young people, and boosting confidence in managing money. We hope that, by delivering these presentations in schools, students will be armed with the knowledge to avoid the consequences of serious debt and learn to manage their finances responsibly.”