Nationwide Education Logo
Nationwide Logo

Overview

Nationwide Education

Nationwide Education is part of Nationwide's commitment to the community. It is primarily a web-based programme designed for use online with personal PCs and interactive whiteboards at schools, colleges and youth centres.

It's designed to be stimulating and engaging whilst providing information and hints and tips. We trust you and your students or young people will enjoy using the interactive games and use the downloadable fact sheets and work sheets to further their understanding about personal finance and how important it is in their daily lives.

Nationwide, as the world's largest building society, is keen to help build better life skills for better futures. Its Financial Capability 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+)

Each of Nationwide Education's Financial Capability programmes links directly to guidance on the teaching of personal finance - provided by the then Department for Children, Schools and Families (now the Department for Education DfE); the Financial Conduct Authority (FCA) and Basic Skills Agency (BSA) - for all ages, as well as the curricula for England, Scotland, Wales and Northern Ireland. However, it is pertinent in or out of the educational arena.

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

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

School visits

Nationwide Building Society employees visit schools and colleges to deliver lessons and talks on the three core themes of the Nationwide Education website: Financial Capability, Sustainable Living and Safety.

If you would like to request a school visit please download and complete Section A of this
partnership form and email it to Nationwide endeavours to meet requests wherever possible but unfortunately these cannot be guaranteed.

Why is financial education 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

In these uncertain economic times, financial education has never been more important. According to research by the national money education charity Credit Action, total UK personal debt at the end of September 2010 stood at £1,455bn. Average household debt was nearly £58,000. Worries about government cutbacks and the economic downturn dominate many children's fears. A 2009 survey of children aged 6 to 12, by CBBC and Newsround, found that 61% had been affected by the recession and 86% said they would give something up to help their parents cope financially.

"Too many people are unsure about key financial issues in their lives and I want to see this change. It's important in the ever-changing economic world that we live in that people understand how to make the most of their money and this works best when financial education starts in schools." Ed Balls MP, former Secretary of State for Children, Schools and Families

Most adults have had to learn about finance by making mistakes and our children stand to inherit the country's economic problems. Almost half (47%) of 16-24 year olds surveyed by Youthnet and the Citizens Advice Bureau in June 2008 had experienced debt problems. Helping young people to develop a sound understanding of money and a responsible attitude towards personal finance issues allows them to make positive choices and anticipate problems before they arise.

HM Treasury's Financial Capability: the Government's Long-Term Approach expressed the Government's aspiration that "all children and young people have access to a planned and coherent programme of personal finance education, so that they leave school with the skills and confidence to manage their money well."

These resources are Nationwide's contribution to support schools to deliver on this objective. With credit cards, direct debits, internet shopping and an increasingly 'cashless' monetary system, it is easy for young people to lose track of their spending. We are living longer and can no longer rely on a state pension, so the need to plan for the future grows ever greater. Learning about global finance helps children become responsible and ethical world citizens.