Financial education cannot be seen in isolation from the rest of a child’s life and is influenced by everyone they come into contact with. LifeSavers’ whole community approach seeks to engage parents and the wider community, in order to extend children’s learning beyond the school gate and help reinforce messages about the good use of money.
Parents are the most important influence on the way children think about and use money, and yet a recent survey by the Money Advice Service found that less than a third of parents involve their children in discussions about their household finances. LifeSavers offers lots of ideas to engage parents, including homework and extension activities and parental workshops to encourage constructive conversations about money within the home.
Giving children a real-life experience of handling their own money and saving is particularly valuable in developing good financial habits from an early age. Credit unions are natural partners for schools, being local organisations run by and for the benefit of the local community. Find out about setting up a school savings club in partnership with a credit union.
Many churches are keen to develop stronger links with local schools and supporting financial education is a great way for them to get involved in the life of your school. There are lots of ways that churches can help, for example by recruiting volunteers to supervise a school savings club, delivering our Values for LifeSavers collective worship resources, or working with parents to support their children’s learning around money. Why not talk to your local vicar about how the church could help.
Local businesses or charities are also potential partners, and may have financial skills and expertise that they would be willing to share with your pupils and their families. Visiting a local company or bank, or inviting a representative to speak at your school will give your pupils an insight into the world of business and banking.