Nationwide Education Logo
Nationwide Logo

Overview

Nationwide Education

Nationwide Education is part of Nationwide's commitment to the community. It is a web-based programme that can be used by students, teachers/professionals and parents. It's fun, informative and above all, engaging. We trust you and your children will enjoy using the interactive games, fact sheets and work sheets.

The Financial Capability section helps children and young people develop the knowledge and skills they need to manage their money and make informed decisions about finances. It contains four programmes that progress the learning from basic to in-depth understanding of money, so your child can start at the level he or she is comfortable with.

The programmes include:

  • Counting on Money (aimed at 4-7 year olds)
  • The Cost of Money (aimed at 7-11 year olds)
  • Savings and Lifeskills (aimed at 12-14 and 14-16 year olds)
  • Finance World (aimed at young adults, 16-18+)

This parents' section is designed to help you to support your child's financial education, and includes background information, descriptions of the resources, a glossary giving clear definitions and explanations of money related words, and lots of suggestions for finance related discussions and activities for you and your child.

You can use the menu bar on the left to explore the programmes by age group.

We are always keen to know what parents think about our programmes, so if you have any questions, comments or feedback, we'd love to hear from you.

Why is financial capability important?

"The second that anyone, of any age, has money of their own, they can and should start planning how best to use it in order to get what they most want. This even applies to a five year old given a few pence as pocket money." Jonathan Self, author of The Teenager's Guide to Money

We use maths, numbers and money every day of our lives, often without realising it. We check out prices of things in the shops, work out which coins to pay with, check the change we're given - we need to see that bills we receive are correct and that we actually have enough money to pay for them. Also, if there is something we really want but can't afford straight away we have to save for it!

It's important that children and young people are aware of all the financial things that affect them every day, so that they can make responsible decisions about their own finances as they get older and become more independent.

The world today

With the economy in the news for all the wrong reasons, children and young people can become worried about what's happening and how it could affect them. Learning about financial capability helps children to make sense of what they see and hear, and we hope that the resources and guidance on this site will help teachers and parents to answer their questions with confidence.

Our world today is no longer just cash based and credit cards, debit cards and internet shopping make it all the easier for young people to lose track of their spending.

Too many people are in debt, owing large amounts of money that they find difficult to pay back. According to research by the national money education charity Credit Action, total UK personal debt equated to £1,457 billion in July 2009. Average household debt was over £58,000 (including mortgages).

Most of us have had to learn by our own mistakes when it comes to finances, but if we give children an early understanding of money and a responsible attitude towards it, we can help them avoid making mistakes and help them to learn how to plan. It's about developing a sensible approach to saving and spending.

The population is growing and we are also living longer and need more than ever to plan for our future. Learning about global finance will also help children to become more responsible and ethical world citizens.