Last updated: 30 Oct 2007

Why is learning and teaching about financial capability important?

Financial education helps young people to:

• explore attitudes to money and financial services and learn to take responsibility for financial decisions
• develop skills to think ahead about financial needs and to plan and budget
• increase knowledge, awareness and understanding of financial services and products so they can make informed choices.

These attitudes and skills will enable young people to move into adulthood with confidence in their ability to deal effectively and efficiently with the range of financial decisions they will have to make.

For more information and guidance on personal finance education, refer to the DfES guidance Financial capability through personal financial education (2000).

This page provides access to many useful websites for financial capability teaching and learning. From this page you can also download the following financial capability units.

• Unit 7 Looking after my money
• Unit 10 Spending and saving