The article is dated a year ago.
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Great gesture after failing to convince government on funding this issue
https://www.moneysavingexpert.com/ne...glish-schools/
Half a million financial education textbooks will be given to schools in an initiative funded by MoneySavingExpert.com founder Martin Lewis
The article is dated a year ago.
The guy talks too fast. Utterly neurotic and chaotic delivery. The v opposite of measured, prudent financial management.
Released today, 3,400 English state schools, 100 free books each, which he funded at £325k of his own money. Embarrassing politicians again.
Good lad Martin always emailing me good deals
Exactly, the state gave me a great education back in the 60s and 70s with text books provided for you, free school milk, great sporting facilities with teachers who'd give up their time to run teams on a Saturday morning or after school and, free university tuition if you wanted it - I feel pretty guilty that I, largely, blew it all!
All of that is gone now and we are left to rely on the generosity of people like Martin Lewis - Cameron called getting other people to do what his Government should have done, the Big Society!
That's £1.05 each. Not sure what the quality will be like, which age group they are aimed at, how 100 books will be spread across year group(s), single use workbooks or actual textbooks?, who will be responsible for them in schools, how they can be integrated into lessons, what aspects of finance are included, will they have advertising on them (schools might choose not to use them if so), reading age checked and appropriate for target audience, diffetentiated tasks according to ability, how do the books fit into exam specs (if for GCSE or A level target audience), will replacements be available after inevitable loss/damage? And so it goes on. No doubt tax deductable on the part of Mr Shaw and largely destined for the back of a cupboard to gather dust. Don't get me wrong. Financial literacy for students is very important but the priority for schools is to produce good exam data (not future citizens) and there are many other competing priorities for schools such as mental health, healthy living, safeguarding, careers education and guidance, moral/spiritual education, behaviour issues, staffing, funding etc etc. Just sending out a few free books willy nilly and hope they get used/make some positive impact is not the answer. You're right. Politicians should be embarrassed. Unfortunately, the demise of the role of local education authorities, with local accountability, means education is in the hands of the wrong people resulting in a dysfunctional system not fit for purpose.
Rant over.
Think you’ve glossed over all the things the Snowflakes and Milleniums have, and take for granted. However, there is one important thing they haven’t got. They have no appreciation, empathy or gratitude for sacrifices made by an earlier generation of their age group.
Do you think the books were picked at random or from a pound shop?
"The book is to be written over the next year, with Young Money working with schools to make sure it's right for pupils and teachers, and crucially mapped to the national curriculum – where financial education appears in the maths and citizenship programmes of study"
Students are far better off working with live financial information in real time. Role play tasks given a "budget" in competition with others stimulates interest in financial matters which a text book will rarely do. Maths texts already cover financial matters so "working with schools" should show that maths is already catered for. As for Citizenship....role play tasks and workshop type activities trump text books all the time in terms of educational impact. A well planned series of Enrichment Days developing financial literacy over 5 years in secondary schools will be far more beneficial than a text book. And, could be achieved at lower cost. But, giving out free books to schools is a headline winner and generates plenty of free publicity so, pro rata, it's money well spent on behalf of the donor.
Yet it's not the responsibility of Martin Lewis or the Government to explain how to prepare for the financial decisions of life, is it. When I was young you had a telephone directory and the tel. number of a Bank or a Building Society - you had to find out for yourself or ask a parent....
The problem is today a bank tries to sell you products rather than give you financial advice, and with regards to asking a parent, then you end up stuck at the level your parents intelligence ends.
Personally i think school is a good place to teach people personal skills, and a basic understanding of personal finance would not be a bad skill to come out of school with. There are many a person from my generation struggling with mistakes they made with credit when they were young, and it affects them greatly when they then try to settle down.
Apparently it can be linked into the curriculum / exam in England but the Welsh & Scottish curriculum's don't recognise Finance as a pure maths subject.
A copy of the text book can be downloaded for free from this page
https://www.moneysavingexpert.com/ne...-in-english-s/