Debt -
Moneywise: Personal finance should be taught in schools - 05/02/2008
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Personal finance classes should be incorporated into the national curriculum, the editor of Moneywise said yesterday.
The magazine's editor, Rachel Lacey, suggested that this extra education would reduce debt and improve debt management in the future.
Ms Lacey made the comments following the magazine's launch of its new Kids and Cash campaign, which aims to mobilise support for the changes.
She said: "We've got this culture where people buy now, pay later and they don't save for things, and a lot of this is simply coming from people just not having a basic education about personal finance.
"These problems aren’t going away, so what we'd like to see is personal finance being taught in every school."
Ms Lacey added: "What we'd like to see is every child leaving school knowing how to open a savings account, knowing how a current account works, knowing how to use a credit card, knowing how interest rates affect your savings [and] how interest rates affect debt repayments, that sort of thing."
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 Debt Management. A guide to Debt
Help with Debt Problems
Consolidating Debt
Individual Voluntary Agreement (IVA)...
Help with debt problems. A guide to Debt
Help with Debt Problems
Consolidating Debt
Individual Voluntary Agreement (IVA)...
Consolidating debt. A guide to Debt
Help with Debt Problems
Consolidating Debt
Individual Voluntary Agreement (IVA)...
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