Over at the UK Personal Finance subreddit the financial advice flowchart has been updated (only in thread, not in the side link yet).
I feel this should be something displayed in schools, I know I never had any financial education growing up!
Over at the UK Personal Finance subreddit the financial advice flowchart has been updated (only in thread, not in the side link yet).
I feel this should be something displayed in schools, I know I never had any financial education growing up!
There is now also a beta interactive version of this flowchart:
https://marcusmichaels.github.io/personal-finance-flowchart/
I am going to print this out and keep it by my desk.
I’ll ask my any of my thirty 7-year old pupils whether their pensions are full or on track for £1m+ on their current contributions .
Financial education is an absolute must but it must be appropriately taught. Just displaying this excellent chart wouldn’t do much.
you could encourage your 7 year olds to save credits until the end of year to be rewarded by something big that they will enjoy for years or spend all / half their credits throughout the year on smaller things that give immediate gratification
I like the idea. In another school I worked at I did encourage my class to make money by giving them a £50 loan and they had to think of money making strategies.
I wonder if Monzo has an educational outreach team yet…? This diagram could be split into a series of lessons for different age groups.
never to young to learn about choices and consequences to influence / inform behaviour
Monzo bank accounts for younger users is often requested - probably not 7 year olds in all honesty
Reposting the beta interactive version for new forum members:
https://marcusmichaels.github.io/personal-finance-flowchart/
Bumping for anyone else who didn’t know about this sub.
Bumping as links / flow charts on here are outdated