r/UKPersonalFinance updated Flowchart

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!

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There is now also a beta interactive version of this flowchart:

https://marcusmichaels.github.io/personal-finance-flowchart/

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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 :grin: .

Financial education is an absolute must but it must be appropriately taught. Just displaying this excellent chart wouldn’t do much.

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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 :slight_smile:

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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.

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never to young to learn about choices and consequences to influence / inform behaviour :slight_smile:

Monzo bank accounts for younger users is often requested - probably not 7 year olds in all honesty :slight_smile:

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Reposting the beta interactive version for new forum members:

https://marcusmichaels.github.io/personal-finance-flowchart/

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Bumping for anyone else who didn’t know about this sub.

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