Download Hoylandswaine Primary School Haigh Lane Hoylandswaine

Hoylandswaine Primary School
Haigh Lane
Hoylandswaine
Sheffield S36 7JJ
Tel: 01226 762027 Fax: 01226 762045
Headteacher: Mrs Laura Cole; e-mail: [email protected]
www.hoylandswaineprimary.co.uk
1st February 2016
Dear Parents
PERSONAL FINANCE EDUCATION
This year your child will be taught about personal finance. The aim of personal finance education is to
prepare young people to leave school with the confidence, skills and knowledge they need in financial
matters so that they can participate fully in society.
As part of this programme of work pupils will learn about:












the different ways that we get money including wages and pocket money
the different ways we can pay for things including cash and “plastic money”
the importance of keeping records about what we have and what we spend
how to control spending by planning and
how the Government raises money through taxes and what they spend it on
the various ways to store and protect our money including bank accounts
how we can save up for things we want but cannot afford
how borrowing works and repayments are structured
coping with and avoiding debt
the principles of insurance and risk
the rights and responsibilities of consumers
how personal choices affect others locally, nationally and globally (and vice versa)
The lessons will be designed to introduce pupils to personal finance through a range of activities
where pupils will be able to share their experiences of, and opinions on, money and personal finance.
In addition, pupils will be given assignments which are designed to consolidate their understanding of
the topics covered.
While we believe that it is vital that pupils learn about money we are aware that this is a potentially
sensitive issue and some parents/carers may not be comfortable with their children sharing home
experiences in the area of money and personal finance. In order to respect your privacy we would like
to assure you that pupils have the right not to share their personal experiences and circumstances in
lessons if they or their parents/carers do not wish to do so.
The assignments have been designed to encourage pupils to talk to their parents/carers about money
and may involve sharing some financial information. If you are not comfortable with any of these
activities, please advise us so that we are aware of your wishes and can respect them.
If you would like further information on our plans for personal finance education then please visit our
website. You can find general information on this topic on the website of pfeg (Personal Finance
Education Group) at www.pfeg.org
Yours sincerely
Mrs Laura Cole
Headteacher