Wednesday, 21 September 2011

Money money money ....

I was reading about the campaign to get financial education into the National Curriculum this morning headed up by Moneysaving Expert Martin Lewis. One of my goals for my children home edded and schooled is to make them financially savvy - we are teaching them the value of money and the dangers of using credit (and then paradoxically explain to our 13 year old that she will need to borrow huge amount to go to University but that's for another day!)
Both myself and my husband cut up our credit cards two years ago and have not used a penny of credit since - we are paying back our debts and will be doing so for a good while yet. We have a budget for everything - we sell things we don't want any more and use the money to buy the next thing we want/need  in this way we always look for what we call "old money" before use "new money".
Don't get the wrong impression - we have made money in the past by moving house lots of times but as the housing market took a downturn we lost money and we are paying the price in our lifestyle now.
If we get financial education on the  school curriculum we will produce a generation of children who can't have the wool pulled over their eyes by the banks - they will learn to manage money before they get their hands on it in any real quantity and that can only be for the  benefit of society.
Sign the e-petition here or visit

1 comment:

  1. I'm with you - money matters will be a significant part of our home education lessons as time goes on.
    It is really important for us all to take responsibility for our money. I am loving your 'new' and 'old' money idea!