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School children get lessons in managing their money

Legal & General visit Sussex schools as part of their financial education programme 'Every Day Money'.

2 Jul 2018

School children have been receiving lessons in how to manage their money from financial services company Legal & General.

Pupils in Worthing, Burgess Hill and Crowborough were taught how to get it, spend it and save it in the sessions that took place at their school. All sessions were divided into three sections based on the ‘get it, spend it, save it’ plan.

The lessons are part of the Every Day Money (EDM) programme run by Legal & General in partnership with EdComs which aims to educate young people prepare for the future responsibilities around money.

Activities included working out how to manage their money, how to work out income tax and how to budget.

Pupils at Beacon Academy, aged 14 and 15, said they found the day really enjoyable. We asked Charlotte Cullen, Head Girl, what she thought of the day. Charlotte said: “I had a bit of knowledge before the session due to a job outside of school but now I feel a lot better knowing what to expect for the future.” Another student Dan Willmott said “I really enjoyed the realistic approach during the sessions. The leaders were very enthusiastic and they went the extra mile to ensure we understood.”

Amelia Prosser, from Legal & General, said: “The EDM programme aims to understand young people’s attitudes to money and personal finance, as well as supporting the financial education curriculum. It was great to see the pupils so engaged with this and getting involved with all of the activities.”