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Beacon Primary School

Lighting the way to a brighter future

Financial Education

Beacon Bank in action!!

Our Vision – We believe that all children should be given the best chance for a rewarding future, in work and in life, no matter where they start their journey.

 

At Beacon Primary, we believe that in today’s society it is essential that children are educated and equipped for the financial world that we live in. We need to prepare them to be active and responsible financial citizens and have a secure understanding of how managing finances and budgets can impact on their future lives and careers. We believe it is vital that our children develop a good understanding of finance in order to help them plan and manage a range of financial circumstances as they grow older. We are currently tailoring our curriculum so that we educate children about finance so that they develop knowledge, skills and attitudes in relation to money in order to equip them for life. This will lead to empowerment, informed decisions, confidence, calculation of risks and increase their economic links with the wider world.

 

 

Our Mission - Our mission is to empower all children to discover, develop their understanding of money and saving to ensure they are prepared for a life in society. 

 

 

What is financial Education? 

Financial education teaches the skills and attitudes necessary to understand money and finance. Developing an understanding of finance equips us with the knowledge and skills we need to manage money effectively. It helps us to make well-informed choices and encourages financially responsible behaviour.

Educating children about finance at a young age aims to deepen their knowledge of money in the real-world. It develops their ability to manage money as they grow older and gives them the knowledge and confidence to make important financial decisions.

 

Young Money, and the APPG on Financial Education for Young People, have successfully campaigned to include financial education on the secondary school curriculum – placed onto the Citizenship curriculum in September 2014 - and continues to campaign for the same in primary

 

As a school we made the decision to work alongside Young Money to develop a finance curriculum from Early Years to Year 6.

Support and Advice for Parents and Carers

 

In Walsall, support for parents needing financial advice includes services like those offered by Citizens Advice Sandwell & Walsall and the Walsall Money Advice Project. Ablewell Advice provides specialist advice on debt and welfare benefits, and Walsall Council offers support with managing money, including deputyship services. 

 

  • Citizens Advice Sandwell & Walsall:

    Offers free, confidential, and impartial advice on a wide range of topics, including financial matters, debt, and welfare benefits. They have a dedicated advice line (0808 278 7812). 

https://citizensadvicesandwell-walsall.org/get-help/

 

  • Walsall Council:

    Offers various support services, including "Bridging the Gap" for financial advice and support, and Deputyship services for managing finances.

https://go.walsall.gov.uk/health-and-social-care/get-support-managing-your-money

 

  • Ablewell Advice:

        They specialize in debt and welfare benefits, offering advice and representation in court and tribunalshttps://ablewelladvice.org.uk/

 

  • Walsall Money Advice Project:

    This project provides a free advice and advocacy service for those in Walsall, offering support on welfare benefits, debt counselling, and more. 

 

Walsall Money Advice Project
33 Lower Hall Lane
Walsall
WS1 1RR

Public phone: 01922 623292 – option 1

Email: info@wmap.org.uk

Website URL: http://www.wmap.org.uk

 

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